People are habitual creatures. Meaning, they don't see the risk when they haven't been hurt for 7 years. But the reality is, the risk of a crash is bigger than ever.
So yes, I buy puts of overvalued companies. I balance my portfolio, so I don't get crushed if the roof comes tumbling down.
And that's exactly the sign a crash is coming. We will have many popcorn days. Watch and learn.