One Way To Hedge Against A Large Market Down Turn

Another way to hedge against a major down move
in stocks is to buy calls on the $VXN or $VIX.
$VXN is the volatility on the Nasdaq 100.
It is the ratio of the buying of puts/calls.
The more buying of puts than calls signals that the
market will or is falling...it's a measure of fear in the
market. The higher the $VXN or $VIX the more fear.
The markets won't stop falling now or put a bottom
in until you see a large spike up then large move down.
The $VIX is the same thing but measures fear in the S&P 500.
If you buy calls around this level (<40), I would immediately
place a Sell "Market if Touched" order on those calls at 65 or so.
This index always spikes high and quickly when fear reaches
it's crescendo.
Then you could look to buy stocks again.