Short V ~ Long OIH

This isn't intended as a hedge, just a suggestion for both a long and a short based on some fairly low risk setups.

V - short




OIH - long

AAPL - low risk setup coming

Ignore the bailout for now. One of three things will happen.
1) No bailout - market crashes (will not happen!)
2) Partial bailout - market does whatever, then continues it's downtrend
3) Total bailout - market briefly rallies...then continues it's downtrend. A bailout is not good news. It's better news than no bailout but it's not good news.

BACK TO APPLE
AAPL is about to present a low-risk setup. I would favor the downside but if it happens to find support at 114, consider going long for a quick trade and use 114 as your stop (or a trailing stop) for a low-risk trade.
If the overall market shows weakness, enter a buy stop order on some puts on AAPL below 114 with a stop above 114 after entry.