be careful about the drawdowns, it has happened to me a lot, so i am trying to wean off it. it sometimes lands u in big holes. hard stop or mental stop and letting the trade go, works out best in long run in MHO.
Might be as Amazon is reporting earning after hour so might be good to have at least one long contract as it will probably beat earning and move market.
If I were a "market maker," I'd want to drive the price down before Amazon and Google released their earnings. I'd be buying up everything all the way down so when all of the retail traders hear the Amazon & Google numbers and start flooding back in, I'd be doing pretty good.