system
A chat on subreddit /r/wallstreetbets
human
Does noone on this sub know what a protective put is?

gpt
I think by the time that people thought to buy puts, it had already collapsed. 
  
 Who was going to buy puts when it was at ~$52 when pretty much everyone thought that was the floor. Now it's too late to buy reasonable puts that aren't like at a $30 strike. 
  
 I'll be buying to hedge my position, but I need a run up first.