Another way to play a potential stock market crash is to short some of the most popular high-priced momentum stocks. The reason that these stocks make such great shorts during a crash is because so much hot hedge fund money is in these names that when they sell, the declines will come "fast and furious."
Keep in mind that the market won't care about the fundamentals of these stocks if a crash comes. Hedge fund managers will only want one thing, and that is to go to cash and to protect their profits in these stocks. Also, I would anticipate the high-frequency traders to come after many of these names with well-placed computer algorithm sell programs.
Some of the names I would consider are Priceline.com (PCLN), Netflix (NFLX), Apple (AAPL), Chipotle Mexican Grill (CMG), Google (GOOG), Goldman Sachs Group (GS), F5 Networks (FFIV), Salesforce.com (CRM), Baidu (BIDU) and Amazon.com (AMZN).
Some other lower-priced momentum names that could see very sharp drops include
Green Mountain Coffee Roasters
More on Akamai
Twitter and become a fan on Facebook.