I have several puts options as well....
been waiting for this puppy to start breaking down for the last week or so based on a comparative model that mimics the action of the early 1980 breakdown....search 'rabbit's posts and you will see the camparison of the two charts he posted...
if there is any truth to this possible mimicking of the action back then...then we are going down BIG time....within the next week....
And yes...the technicals are perched on the precipice...