Do not keep using 9/11 as an example. Anybody who are swing trading or long term trading futures, stocks, bonds, mutual funds etc etc are exposed to this kind of risk. Make no mistake, trading is a risky business. I am really sick of people using 9/11 to disprove of selling premium. Your stop or hedge should be in place and you can only hope that they do their best job given the circumstances. There is never a perfect hedge other than sitting on your hands. Over the long run, you can and MUST expect all kind of 9/11's to happen. They are part and parcel of trading. Are you a trader?