OK, in the short run I was wrong. Once again, I underestimated the craziness of speculators and the ability of markets to stay irrational for long periods of time.
http://www.rttnews.com/ArticleView.aspx?Id=1573163
However, this brings their PE to 78.1. Yeah, I am sure that is sustainable.
I am buying more puts, just with expiration's further out.
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