MF, I've bought CBA puts. Tradeable through your broker, but you need a special options account. They need to know that you're aware that they are not shares, that you can lose all your money or, that if you are WRITING puts and calls you can lose heaps more than your original cost. I never write options.
So, I've bought some $45 Dec puts on CBA. If, come Dec 22nd (ish) CBA is below $45, I pick up the difference. These puts currently cost about 50c. Leverage OK? Btw, settlement is T+1, rather than T+3 for shares (or T+ a few months for property).
