mmend buying 10% out the money puts: 3 month 10% OTM ILS put = 0.30% 6 month 10% OTM ILS put = 0.67% 12 month 10% OTM ILS put = 1.33% Israel CDS Syr CDS at 150bps Was at 115bps last week. Hit 290bps in Mar09. EFTA_R1_00212418 EFTA01833828 Stock Market Puts Market down 3% since last week Up 14%