In the coming weeks I expect major correction on stock markets, something you would call more than substantial. Not that I am fun of all sort of doomsday scenarios, however, one should be more than careful nowadays. Bull markets die when there are no buyers left – and if you look at this weekly chart then ask yourself – are you ready to invest in any stocks at these levels ? Whatever fundamentals are, technicals won’t lie – and I believe price actions recently indicates that smart and big guys are unloading their positions on optimistic latecomers.
I would suggest to build bear spreads on Nasdaq index options with expirations somewhere around mid-summer. Buy puts around 7000 and sell strikes around 5000. Risk limited and rewards could be absolutely fair.