from LB notables, this is very interesting and needs digging.. for both who bought the options and what innocent reasoning existed to trigger a massive short option buy if any
Walsh just wants to be edgy, that's his brand at this point.
This one almost seems like sarcasm.. doesn't make sense.
A put still anticipates a drop in order to be profitable.
If a market asset drops 10%, and the general sentiment is that it will bounce back, puts might become relatively cheaper and relatively more risky.