Most of the big down days that were followed by an up day were accompanied by a volume spike. Something well above average, in most cases across most or all of the major indexes ETF's and futures. Yesterday's volumes were somewhat mixed so I'm not that as confident in a bounce as I otherwise would be. Naturally now that I've put my observation in print - we'll probably see a moon shot.
I am in the opinion that the US is in a different stage with the aging population. Those high vols will not come back for the SPX any time soon...if the chart was vol on Shanghai, that will be another story.
Just giving you a hard time. But that all depends on where your short put is. looks like the flow of money out of bonds is going to save you today though.
What's your strike? These markets are epileptic right now...funny. I think we'll see caution before next week and a little selling before earnings really opens up. Cheers and good luck.