IWM Put Trade From Earlier At A Profit

At first when the IWM dropped, the trade was still in the red, but I suspect the increased volatility has sent the spread wider and put the position in to a 3.5% gain on the day thus far. I'll keep it open for a bit longer and see what happens. I'v noticed the Dow/Large Caps which are more defensive and part of the reason I posted the Santa Rally video and thought we would not get one, which we haven't. The defensive nature of the market is partly what led me to that conclusion, we are seeing a sell off now in even the defensive stocks. It's hard to glean much information from such a whacky day/week, but that is what I see as of now.