[quote=svelte]Was that English you wrote?[/quote]
Yep – he wrote English – or maybe stockish/optionish.
SPY is a S&P 500 ‘spider’. It is like an index fund – sort of. It trades as an ETF.
gzz is basically a little pessimistic about future upward movement of stock market, S&P 500 more specifically due to the potential events he has mentioned.
NOTE: It might be useful to do a combination of a small put on S&P 500 SPDR/index/ETF with a small call option on gold. It reduces a single event loss, while still covering for your ‘black swan’ event.
