SPY: Why?

Unemployment claims jumped unexpectedly to four-month highs this morning and I was so happy about the seemingly bearish news that I unwittingly let out a rather reverberating, admittedly evil laugh heard throughout most of NYC as I sipped my hazelnut coffee sweetened with organic manuka honey.  Convinced that the US market would follow the GOLs' sprint into bear territory, I added some month-end SPY puts to my Roth IRA.

Things quickly turned from honey sweet to bitterly sour for me, but I refused to get out of the SPY puts due to expire on the morrow.  Could people have been selling shorter term SPY puts to fund the purchase of SPY puts a little further down the line?  Why didn't I think of it?

I chose my poison, albeit a slow-acting one, and decided to stay the semi-bearish course once more.  We will find out tomorrow whether this will turn out to be financially suicidal and forever turn me back into a buy-and-holder.  


-2.12% SBA
-0.98% Roth IRA

+0.38% DJIA
+0.20% Nasdaq
+0.41% S&P 

-1.19% FTSE
-1.06% Eurofirst
+2.20% Nikkei
-0.11% Shanghai
-1.55% SENSEX

-1.15% WTI
-0.62% Brent
-0.01% Gold
+0.98% Copper
-1.91% Corn

+0.68% EUR/USD
+0.73% GBP/USD 
+3.52% USD/JPY 
+4.07% EUR/JPY

-2.25% VIX
+0.06% DJT