Sorry Thor, but no comments from me regarding bonds and options as I don't have time to research nor trade bonds and options.
However, a general comment is that in order to prepare for the big one, assuming that an individual's opinion is that the big one will be upon us sooner rather than later, is it wise to have open positions in all of the following plus more?
Bonds
Long gold
Short stocks
Short SPX, etc.
Long SPXU
Long VIXY
Long UVXY
etc.
That is, if you wish to be positioned for a down the elevator scenario, after the long climb up the stairs, perhaps a prudent approach is to have open positions in 3 or 4 of the above trading instruments. The tricky bit is deciding which 3 or 4 trading instruments to use.