*rogue, the most leverage will be trading put options if Friday's decline becomes a new & sudden trend... case in point, if you can daytrade, you can literally daytrade the put options on days when the homebuilders trend lower such as Friday... the $50 leading put on TOL .TOLTJ went up +.75 and closed at 1.10, 5,925 contracts traded, so that's fairly liquid, it basically went up over 214%!
So options always provide the greatest leverage for the greatest risk... and TOL on Friday is just one example, I'm sure the same example can be found among the sector on Friday.
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