One More: Into XLK Mar 16 '13 $29 Puts @ $0.37...

I noticed my Roth IRA has been behaving like the Nasdaq, so to hedge it, I'm buying puts for the XLK, a technology sector ETF worth $9.1 billion in market capitalisation.

It is trading at about its 52 week 50% Fib retracement level within a relatively tight price range and somewhat of a low yield.

Plus, AAPL is its top holding, representing about 14% of the fund's portfolio.  

We may see some outflow from the fund if prices fall below the 52 week 50% Fib level.

Again, this is a big enough position so that I'll be able to make some moola in case of a continuing downtrend, but not enough to kill me if I end up with a losing trade.

P.S. List of ETFs with AAPL exposure...