What is the most efficient way to buy puts to cover losses if you own several stocks in the NASDAQ?

skahhh: What is the most efficient way to buy puts to cover losses if you own several stocks in the NASDAQ?
Should you buy enough puts in one of them or buy Nasdaq market contracts to cover them?

Answers and Views:

Answer by Michael K
depends on whether your portfolio tracks the Nasdaq. If it does, the QQQQ puts are quite efficient.