Despite what I said yesterday, I’m not suggesting that you rush out and sell all of your stock holdings, nor am I suggesting that you load up on nothing but puts at this point in time. It would be prudent to take some gains off the table on any long positions you may have. It’s also not a bad idea to add some insurance in the way of puts on the main exchange-traded funds (ETF) like the S&P 500 SPDR (SPY). This would allow you to hang on to your stock holdings but have a hedge against a decline....