Geos 0 Report post Posted February 24, 2013 Am I wrong in thinking if sequester takes effect the market will suffer a major blow? Just wondering if people are taking defensive positions and if so what are they? How does this trade sound as a defensive move:? Sell 1 X SPX Sep 2013 1450 Put @ $50 Buy 2 X SPX Sep 2013 1325 Puts @ -$25 Share this post Link to post Share on other sites