> > I applaud your philanthropy. Let's say it stays
> > above 1250 through July 31 and you've got a bet.
> Make it November 31st and it's a deal (Wall Street likes to crash in the
> fall, for some reason).
ok. if you're sure a crash is in store, you should be willing to take 1100 as the floor. $50.
As someone noted, this is not all that much of a drop.