Wsj:Euroview: Equity Puts Best for 'Risk-Off' Events 4/7/2011 6:34:57 AM
Equity put options are currently the cheapest instruments to hedge a "risk-off" event, says Bank of America Merrill Lynch. The bank, particularly, likes the idea of selling expensive equity market tail protection, and replacing it with cheap emerging markets/FX tail hedges to significantly lower hedging costs