"Hunt"ing For a Put Play

I've been in this one for awhile, JB Hunt, a trucking company that is a prominent member in the Transport average. It's had a nice run from the 18 level up to 33 but now appears to be breaking down. After rallying recently to the 32 level and then falling back, it is falling back today more than 3%, possibly indicating that the upside is done with. The January 25 put is going for $1.50 now so we would be looking at 23.5 as a breakeven point and 22 for a double.

If you are looking for the market to test the lows, as I am, this one may help lead the way down. Maybe I'll buy a little more here....