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This column was originally published on RealMoney on April 4 at 1:41 p.m. EDT. It's being republished as a bonus for readers.

Don't get angry, get even. Right here, right now I know, if I were back at my hedge fund, I would be buying calls on the up stocks, unable to resist the pressure any longer. I would be buying calls on


(GS) - Get Free Report



( LEH),


( BSC),


(CMI) - Get Free Report


Federal Express

(FDX) - Get Free Report

, all levitation stocks that attract a tremendous amount of money every up session.

I would also take a look at


(CAT) - Get Free Report


Black & Decker

( BDK) and now,

T. Rowe Price

(TROW) - Get Free Report

, which has gotten the big-time halo.

I would also be taking advantage of the bear raid and getting into


(FFIV) - Get Free Report


I would put half positions on right now -- whatever that half position is for you -- and I would use the first strike down and out three months to make it happen. I would then wait for a decline, but it isn't evident when the decline will come, so you have to go out further than near term.

I would then say to everyone at my hedge fund that I now have enough upside protection if this market keeps ramping.

And I would no longer find these stocks as repulsive as I now find them given how strong they are.

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At time of publication, Cramer had no positions in the stocks mentioned.

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