There are times when the stock market is in a big, beautiful bubble. During those times, it's difficult to convince anyone to sell, or bet against it.
Why sell bitcoin BTCUSD, +2.28% at $10,000, for example, when it might potentially hit $20,000? Why sell the S&P 500 SPX, -0.11% at its all-time high right before Christmas? Are you crazy?
Whether for speculation or portfolio protection, options must be handled with care, writes Michael Sincere.