Did you close at open or held till EoD?
IIRC @Jason_Castelino uses hard stops so it wouldâve been triggered at open. 
Tasty approach (which I follow) is to use alerts and mental stops. 
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At open. Why wait for 6 hours? Close at 9:15 and then cry. 
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How does that work? If you actually managed to exit at your mental stop, you have willpower of steel!
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I know you hate TA and certainly there are many profitable traders like you (most prominently the Tasty crowd) who trade without even looking at a chart but certain days like this would help to use some TA. 
I remember this day clearly. 
The market had decisively broken out of a nasty downtrend and was going to retest the breakout when the tariffs were announced. The gap down was bad but the index ripped up right from the open - and the bottom of the downtrend held. Not a place to capitulate. 
The situation was brutal for other global indices that were in an uptrend though, so TA is very subjective and there are no hard rules to follow! 
I do not, Iâm just afraid of losing all my capital with short premium trades! 
I exit when my thesis is wrong and I leave enough room to maneuver should I be tested on my thesis. This works because itâs rational me setting the position size when entering the trade and irrational me needs no reason to adjust/roll or do anything to get out of a trade! 
Though in all honesty I did not have a position on at this time and cannot say how I wouldâve reacted. I was waiting for a long futures setup on the pullback from the breakout, took it on Apr 09 (not courageous enough to take it on Apr 07) and got a modest profit! 
What you are seeing is spot prices. Options always price in before spot. Even though spot opened around 1200 points down (if my memory is right), my puts which were 500 points lower than previous day close opened just 300 points higher. ( it should have been at least 700 if you do the math). End of day I guess we ended around 700 points down, and the puts that I had closed were at a price higher than the price at which I closed them. I do not remember what happened during the day because I was just away from the screen.
Whenever there is a huge gap at open, options donât move at the same pace as spot. May be because there are dynamic circuits in place. Just trigger a market order and if you are lucky you will get a decent price.
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Uff, short vol is brutal! 
I had a big entry on my trading diary that day. Apparently, I sold calls at open on that day. Immediately made huge profits like within first 5 minutes, but due to EoD recovery, I ended up giving up all my profits and ended at loss. Still didnât close. Next day losses more than doubled. However, there was a dip, losses dropped to almost 0, but reverted again - managed to exit at 1/3rd of the original loss at open.
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Naked puts I wonât usually dare. But naked call shorts Iâm more comfortable. Market takes the steps to go up, but goes down in a elevator.
Also the inflated premiums that day were too tempting! As Jason said options were pricing in a recovery that day at open already. If it had just stayed there, I would have made too much profit. EoD recovery was unexpected though.
I get where youâre coming from, but itâs the opposite in terms of risk!
For a short put thatâs tested, you could roll down or out in time indefinitely provided youâre not over-leveraged and have enough margin - the market would eventually recover given enough time. 
For a tested short call, itâs usually not coming back due to the marketâs upward drift and you could go broke rolling it indefinitely. 
Brokers in the US with product suitability frameworks think the same. 
You can sell a put with a lower tier account but you typically need the highest tier to short a call. 
https://support.tastytrade.com/support/s/solutions/articles/43000435222
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Totally agree. I have lost more with calls than with puts. With puts I have lost only once so far. With calls I guess around 3 to 4 times. One is Dec 4. State election result. One is Ind US deal when we got 1k points gap up.
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With monthly or weekly options that is not a factor that you should account for, considering it might take 10 years like japan. If we are playing multi-year leaps, thatâs a factor we can consider.
Thatâs not because of the upward drift you mentioned though. Apparently itâs because put sell risk is defined whereas call sell risk is truly infinite. Also in US thereâs assignment risk. With put sell you can buy stock,but with call sell you owe stock that you donât have - which might need to be borrowed in addition to issues like dividends etc during the time it is borrowed.
In any case, that day options were pricing in a 500 point up move at open and so the naked call short had a good risk reward ratio and indeed it played out well - if it werenât for the end of the day (15:00) recovery. Like even after two days upmoves my loss was lesser than what it would have been.
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As long as your style works for you, I guess anything goes! 
A little less but still crazy.
Is this the end?
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This is called timing
Sold lot of my smallcap stocks, few could not sell coz they were in red, and I dont book loss in stocks 
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Only question I have is whether it will stop at gap zone or not (23800)
One thing is sure, no long trades in next one month
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GDP Growth couldnât hold it.
Are you sure you are not celebrating too early?
If anyone actually believed it, it would have.
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