actually all PEs should not be written off. As a buffer trade I had bought next week 11400 PE at 44 and technically my loss in the other trade is so far covered. . certain calculated trades can prove beneficial. if at all the market decides to go further down i will have a good return. else even if my hero/zero trade becomes zero my net mtm may not be more than 1K
unless of course the market decides to turn against me