SHLD put bought, drop expected

Alright, I decided that since the market is down (as I correctly predicted this morning, when the market was up) I would buy a put in SHLD, showing that I believe the stock will drop.  Of course, since I started writing this post, the stock is up a little bit from my entrance.

It’s totally fine though, I don’t see why SHLD would be up over 2% when the other stocks are down (like JCP, WMT, JOSB).  Okay, I realize that the stock has been hit harder than others, so there is potential for some upward movement, but not 2%.  That’s just not being explained.

Thus I have placed my last buying dollars on a Jan08 $110 put.  I would have bought more puts in this area, but I don’t have the cash since I’m still stupidly holding onto the RIMM and AAPL puts.

Buy:
SHLD Jan08 $110 put (KTQMB), 1 @ $7.80
   stock price when entered $104.25