sometimes i do, today i went with some SPXU calls , if SPX reverses down the SPXU will go up hence the call option, had SPXU puts when market went up.
its a call you kind of have to make but it does (IMO) pay to have some kind of hedge if market does retrace, and yes if im wrong i just close out after about 15 minutes into market trading.
looks like selling up there at 2790, so maybe just a little more down, Pretzel Logic will have an update tomorrow, i like his style.
so wait and see what overnite futures do, prepare for battle tomorrow, Bonds and Gold were active today up, wonder if its flight to safety>?