Speaking of Texas Hedges, from Kim Zussman
(That is to say, selling OTM Nasdaq puts + long high beta small caps at multi-year highs.)
Here in Southern California, the drug rehab business seems to be booming. In Malibu, there are several such facilities conveniently located across the road from The Colony where all the celebs are ensconced.
Lately these "clinics" (with 70% 1-year relapse rate), which charge thousands per day, have been good local employers of therapists, counselors, cooks, etc.
What about a Hollywood hedge: Company which simultaneously opens pricey rehab centers co-located with medical/dental offices staffed by foreign-trained doctors versed in the Rx's du jour (Vicodin, Percodan, Oxycontin, Methadone, Phenodammital, etc)?