Booyah Breakdown: Know Your Options, Part 2

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Finding Your Options

While talking about health and car insurance may be a totally snoozer, it's easy to see how you can get fired up about options insurance. Because in many instances, it's almost a no-brainer.

So talk to your broker about buying options as insurance. You'll need to establish an options account at your brokerage firm, but then buying and selling them should be relatively straightforward.

And if having a little insurance is going to help you stop tossing and turning in bed at night, then by all means, get educated so you can protect yourself.

Your spouse -- and your mattress -- will thank you.

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Tracy Byrnes is an award-winning writer specializing in tax and accounting issues. As a freelancer, she has written columns for wsj.com and the New York Post and her work has appeared in SmartMoney and on CBS MarketWatch. Prior to freelancing, she spent four years as a senior writer for TheStreet.com. Before that, she was an accountant with Ernst & Young. She has a B.A. in English and economics from Lehigh University and an M.B.A. in accounting from Rutgers University. Byrnes appreciates your feedback; click here to send her an email.

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