I have only been trading eminis a short while and Globex has already gone down once. I understand that this is not a rare occurence. I'm looking for a way to protect myself in an emergency. I dont have enough money to trade 5 minis and offset with a full contract somewhere else. I do have another account with datek where options are available. There seems to be virtually no liquidity in SPY options but quite of bit of action in SPX options and lots of action in QQQ options. Am I right in thinking this would be a viable way to cover my a$$? I would be out the commissions but that would be better than taking a big hit if the market moved hard against me.