Bought SPY Mar 08 '13 $152 Put @ $1.16...

Just in case...

This small position could offset some substantial losses if the market trades against my existing positions...

Plus, no one is yet talking about sequestration as a big deal on CNBC.  It's really kind of quiet, which makes me very suspicious that Wall Street may be plotting another market top that will seemingly come from left field.  

If I'm being my usual cynical and paranoid self and end up being wrong, the loss won't kill me...