Pro Option Traders Doing Puts on S&P 500Pro Option Traders are doing Puts on the S&P 500. I'm signed up to an options newsletter called Bull's Eye through Questrade. Yesterday afternoon they said the S&P 500 failed to gain traction and tried twice to pass $1,850 but couldn't. So they recommended a put position on the S&P 500 for this week and next week. It's a classic rookie mistake, to think things will just keep going up. Take a look at Best Buy, it dropped 45% in 2 months and 36% of it was in 2 days. The S&P 500 will drop so fast and slap investors hard. Mind you I bought Best Buy's stock twice in the past 2 days near bottom and made $1,500 profit which also saved me $1,500 in HVU drop. Just bought back HVU at $6.48. Thank you Best Buy for $3,000... I made have to buy an 80" LED TV sometime.