[Tostino]

The market can stay irrational far longer than you can stay solvent...

[Aunche]

That logic only applies if you have unlimited potential downside. If they were really certain, they could have bought put options.

[elijaht]

I would say the same logic still applies to puts. They all have expiries, and you will have to buy new puts once they expire.

You could just let the puts expire and have capped losses, but that feels like another form of the market staying irrational to your loss