Amazed that the Vix dropped almost back to Friday levels.
I wonder how many bought puts on Monday and then were crushed on a 40% drop in put value.
Even the puts I bought on Friday were mysteriously priced almost same as purchase price, even though Vix was slightly higher, and index value was still significantly down. No time to analyze that in detail, just the market makers sucking out the Vega and increasing their profits.
What can I say, added puts.
