Call an insurance company in Florida & ask for flood coverage in the off-season.


$2,000. Easy.
Call back when a hurricane is on the radar?
$10,000. Same house. Same policy. 5x the price.
Why? Because NOW you're scared. & scared people pay up.
When the market's calm, put buyers pay little.
When it's crashing, they'll pay ANYTHING for protection.
I'm the insurance company. I sell portfolio secured puts INTO the fear, when the premiums are 5x fat, on great companies that just went on sale.
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