Buy SPY via selling Oct 104 puts, SPY @114.2. I am already short SPY Oct 97 puts. There was an article on Barrons online suggesting the purchase of October SPY puts as portfolio protection. Buying short term puts is an expensive form of insurance, and when pundits make public suggestions to do so it is a sign of nervousness.
I also buy TLT via selling Nov 94 puts TLT@103.6.
Long BRKB, GLD, SPY, TLT
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