Posted by: JerryZ on November 27, 19104 at 06:10:21
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It seems apparent to me that the whole world knows when Bush will be standing at the White House with a bunch of our politicians. If there ever was a time for a terrorist attack, it would seem Jan 20th is the day.
I am considering hedging with SP500 puts. I figure the cost involved would be cheap insurance.
Since the Jan options expire the day after the inaguration, does anyone know what happens to options that expire when for unforseen reasons, the market is closed? Would they be valid the next time trading resumes?
Any other suggestions on how to hedge against this?
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