Speaking of SPY.
A lot of buzz about this on a related thread, this morning, a NEWSMAX/FINANCE article had a link to the actual 13-F filing with the Securities and Exchange Commission and it seems this "Soros-betting-crash" story is bogus. Apparently while the Soros fund does in fact have $2.6B in puts, it also has $10.1B in stocks and $0.6B in calls. IOW for every dollar in downside hedging he's got $4.10 in upside bet.
Maybe I'll be changing my strategy to increase my upside investments to that level too...