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Lumifer comments on Stupid Questions, December 2015 - Less Wrong Discussion
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The stop order feels hackish, to me. I was thinking along the lines of short squeezes even before I learned their name. But also, if I'm expecting a bubble to burst, I won't necessarily be surprised if the price rises massively before it does. I'd be looking for limited exposure without having to chicken out.
The contract term sounds like the sort of thing I was looking for.
You can always play with options to construct whatever payoff structure you desire.