Subject: Re: OT: puts
Similarly, anyone buying September $460 puts today for $8.00 would be foolishly wasting their money.
...
Really? In that case, if there are people throwing their money away, why not pick it up off the ground? (By selling those Sep 460 puts for $8, of course)

Well, I was mainly mocking myself. I was buying those puts...not prudent capital allocation, but every loaf needs a little leavening. Investing for entertainment value is not prudent, but a tiny bit at the edge is probably not fatal.

Jim