The S & P 500 5,350 puts I discussed are trading nearly $170 as I write this, up ~ $12,000 per contract.
This is even though the S & P 500 is down only 2.3% since I wrote that article over a month ago.
One could roll those options down and out to the September 5200/4500 S & P 500 put spread which costs about $100.
If you didn't read the earlier article, here are the components of a long put spread, sometimes referred to as a "Bear Put Spread."
In periods of high implied volatility, option premiums are generally higher because the market anticipates larger price movements.
Persons:
It's, Joe Biden, Kamala Harris, it's, Trump
Organizations:
Starbucks, CNBC, NBC UNIVERSAL, ~ $, & $ $