Guess, who has collected your put option premium last month in the middle of the European debt crisis and thanks to never ending liquidity from the FED ? Yep, your friendly Wall Street neighborhood ! Old game - nothing new, but every time still impressive.
Market will up for a while, all the big guys (include the not too smart pension fund ) are team together now just to push the market higher and higher for the last min effort to make their under invest portforlio 2010 performance look better. Most likely they will keep their position until new year .. so conclusion is to GO LONG NOW !!!!!!!!!!! and don't forget to exit after new year !
puts are nothing, those imbeciles sold BAC <11 on a threat known a year ago from that swine at wikitakesaleak.