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strategy Profile| Send Message| (728)    Although Friday marked
the sixth weekly decline in a row for major stock indexes, a
handful of optionable stocks rose on unusually heavy volume that
day. The table below shows the costs, as of Friday's close, of
hedging ten stocks that advanced on unusually heavy volume
against greater-than-20% declines over the next several months,
using the optimal puts for that.   For comparison purposes, I've
also added the costs of hedging the SPDR S&P 500 Trust ETF
(SPY), the SPDR Dow Jones Industrial Average ETF (DIA) and the
Nasdaq 100-tracking ETF PowerShares QQQ Trust ETF (QQQ) against
the similar declines. First, a reminder about what optimal puts
mean in this context and why I've used 20% as a decline
threshold.  Optimal Puts   Decline Thresholds     How Costs Are
Calculated   Hedging Costs as of Friday's Close  The data in the
table below is as of Friday's close.    Cost of Protection (as %
of position value)   S