Look at my post from Monday the 13th. Look at the prices from then to today and you will see gains of 500% in 2 days. PCLN Dec $390 cost me $.40 on Monday and bought more at $.70 and later traded as high as $2.20 on Wednesday -Yesterday. Bidu puts have been cheap until now. The $100 strike was as low as $.13 and finished the day at $1.64. When I sold my 107 for $2.9 (too early again) and went shopping for the out of the money puts, I bought the $100 for $.90. Well, the $107 finished the day at $6.90 and the $100 at $1.64. With Bidu breaking below $100 and PCLN breaking below $400, I think there is still a long way to go down. I will wait for the market to make it’s move and then respond.
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