Why is everyone saying to buy puts when I’m fairly sure everyone has missed the boat on that, unless you locked it in before this week?

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Because the put would give you the right to sell at a later date. So essentially, folks are banking that the markets will rebound

Buying put is if you’re banking that the market will drop more

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“Fairly sure” lol ok

The price of options is directly related to volatility. With times as volatile as they are now options are very expensive. The time to buy put options was weeks ago.
What might be a good bet for a rebound is buying significantly out of the money call options. They might be cheap and worth an order of magnitude more if there is a quick rebound if covid-19 turns out to be a big nothing.
Pretty sure that’s not the case, feel like this is the crash we are overdue for. I work in PE and things are fragile for many portcos.

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