Report on COST sep/oct 65 put:
Yesterday I felt somewhat uncomfortable when I put it on, more gamma risk than I would like to see, but it was near support and I justified that it was balancing my sp put diagonal.
COST dumpted down and loss of 15 cents, below my normal 10 stop.
I guess I made the classic mistake of watching spx chopping around, and just could not believe that COST could move down so much faster than the general market. Was dismayed to find, of all choices I could have made for my calendar, it made the most active list the day after I made the trade.
Placed QQQQ oct/sep 38 put @ 40 today.