Right Logic...Wrong Execution

Well, I had the right idea about the markets opening down today. Except I expected them to gap down only slightly then go down the rest of the morning. What they did was gap down at open big time! The IWM gapped down at open almost 3 points!

So although I put a few cents extra on my order to buy puts, I totally missed out as the options opened more than $2 higher. When I saw that, I cancelled my orders not wanting to catch the wrong side of it if it was going up.

Then I did what I knew I shouldn’t, I tried to catch the trade. I put in an order for an IWM Put where the market price was. Then the market spent the rest of the morning going up.
I saw within 30 minutes of placing my catch-up trade that things were not reversing to go down quickly so I go out with only $0.60 loss.
The market peaked around 10a and went sideways from there.
So my instinct was right to have orders in to buy puts this morning, but I didn’t expect the quick down and quick reversal.