Richard Croft ProSh UltShr S&P500 E.T.F. SDS-N PAST TOP PICK Oct 01, 2010

(Shorting the S&P 500) The ultra short. Double short on the S&P 500. If you think the U.S market is in jeopardy for the next month or 2 take a shot.

Dec. $46 Calls. This is a short position on the S&P 500. He is leveraging the leveraged position for a correction, which he thinks is the highest probability over the next 2 or 3 months. He has capped his possible losses.