Last Thursday, the 18th, I bought to open 2 Sep 26 SSO Puts for $3.10 and paid $625.90 after commissions. This is my bet that the market is rolling over. After today it sure seems like it. If tomorrow is an up day, I'll probably but another put or two on some energy stocks, as I think they will drop the most. TCK looks pretty good for this as it has had an amazing run up the last few months and is ripe to place the gains back.
My GDX puts aren't looking to great as the miners got hit hard as the USD rises and the market pulls back. I may buy one back soon for a loss and let the other play out longer. I wouldn't mind owning GDX at a cost base of 33.90 for a longer term cycle.
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