Into AIG Oct 19 '13 $50 Puts @ $0.32...

I had the craziest idea and had to try it out!  

When Lehman fell, credit default swaps were front and center and I vaguely remember AIG being brought to its knees then.  I don't know if AIG has anything to do with US Treasury Default Swaps, but if it does, this is a really inexpensive way to play it.  Much less expensive than buying the VIX or even SPY puts.

I guess it'll turn out to be a dumb idea if we don't actually default, but it seems to me the VIX is rebounding and DJT can't seem to hold onto its gains today...