This thread is a puzzle to me. People seeming to think the OP owes them information and explanations and I don't understand the reason for what I read as snarkiness from @ERD50. Not your usual pleasant forum thread. ....
I'm sorry you see my posts as 'snarky', or 'unpleasant' in any way. I don't understand that view at all.
OP said he was buying protective puts @ 2500, and considering 2200, fine. But then others jumped in that a drop shortly thereafter was some sort of sign that the call was 'genius' and such.
I challenged that view (not the OP). Since we don't know the expiry, and we don't know if OP sold, I simply see no way to call the trade a 'win' or not. And I even said, if OP just bought the puts as insurance, and they expire worthless, that's not 'losing' either - he got the insurance he paid for, fair deal.
I don't understand the reluctance of OP to state the details, after starting the thread in the first place. Why not just keep quiet about it? I doubt the OP or any of us have enough power or motivation to affect that trade. But if he doesn't want to share, fine. But why all the praise from others? That's what makes no sense to me.
If you can point out any snarkiness or unpleasantness in my posts in this thread, please point them out to me. Maybe they came across differently than what I intended, and maybe I can learn from that. I suspect it to be just overly-sensitive readers, reading far too much into those posts, but I'm open to a challenge on that.
-ERD50