Amex’s Retail ETF is trading near its highs for the year, which is like Confederate money trading at par after Sherman’s March. Let’s take an active interest in the April 80 puts (RTHPP), constantly matching the bid (3.00 at the moment) for the remainder of the week. Try to buy at least ten of the puts. To those of you trading via direct-access, I’ll also suggest sporadically raising the bid by a dime, for minutes at a time, just to annoy the market makers. This technique could help get us filled, since it will bring attention to the bid, possibly inducing market makers to “lean” on it. We’ll need to be patient, since no one will sell us the puts unless they are spreading off the purchase of another put at an even better price, or hedging the short sale of an overpriced call. _______ UPDATE: Cancel the order, since I don’t want subscribers to get ripped off by the predatory sleazeballs who rig the options markets in this stock. It appears that ten of the April 80 puts traded on the opening at-the-market, and I have to assume it was a subscriber, since who else would be buying April 80 outs? The idea was to NOT use market orders, but someone has jumped the gun and gotten ripped off. I think the option will eventually be profitable, but if you paid 3.80 for it, the stock would have to fall by a point right now before you can even break even.