Actually, one can make 1M bucks by Jun-Jul, only on 500K margin... Sell Jan-15 30-stk puts ... 1000-puts sold for 9.50 today. They'll be worthless by Jun-Jul, if not sooner. That's how some royal families make big bucks. (were waiting for a flush-out day like this ... old trick). Some black-swan event type conditions emerging, as indicated by a big swoon seen in DB today ... folks might flock to GLD/NEM as early as next month.