Watch for a breakdown below $47 for the short or put to be profitable. Market-wide rotation out of unprofitable growth should continue for a few weeks.
Commento:
I got in the Dec 27 weekly $45 strike puts at $1.13. Set a -5% MARK trail stop to execute below the $45 price level. Got out at $1.88 for a 68% gain in 3 days.