My put options are starting to move.

Yes I was a bit too early but that is what you get with options if you want to try to catch the bottom where the big money can be made.  For example, my GE puts have an average purchase price of 15 cents but since nobody has bought any for a while, the last trade is still 11 cents (which happened more than a week ago).  In other words, these things are illiquid. Pretty soon people will begin to suspect that this sell off is something more than the usual dip and that's when the volume will begin to climb on these deep out of the money 2016 puts.  In the span of a day it will go from -41% to +200%, etc.  That's just the way these options work. 

Those closer to the money that still have lots of time value in them such as my 2016 MCD 70s are already moving up quickly.  The march 2015s will skyrocket once wave 3 down hits the DJIA and I expect that they could be up 500-1000% by the time I cash them in.



Of course, there is no guarantee that the DJIA has actually rolled over for sure yet although a very valid wave count supports this conclusion.  Once we get 5 big waves down and then 3 big waves up into intermediate wave two, that will be when it is really time to be into UVXY and puts of every kind because the 3rd wave down, when it comes, will come with shock and awe and virtually nobody will have seen it coming except EW practitioners and nobody will understand how it could collapse so quickly except those who understand that it is all a giant debt Ponzi.