### Comment:
There is no liquidity on these options like I said.  Most of them barely have 50 open interest

### REPLY:
Because the markets are closed. Look at the open interest in Jan 17 SPY puts right now. It’s not much better. 
  
 But besides that you seem to be really really convinced that SPY puts are a better hedge so why not just do that while I do what I do.

### END.