Put/Call goes high as markets bounce

Yesterdays action was good short term, and the p/c was very high.
This shows that we are not going down in a hurry and can in fact rally a bit.
So I am not in a hurry to short or buy puts. I will see if I can buy some good short term calls. But mind you , the markets have in no way bottomed yet, and can really tumble without any notice.