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The S&P 500 lost more than 30% in the coronavirus crash earlier this year.
Travel and oil markets seemed to get the worst of it, with cruise lines like Carnival Corporation (NYSE: CCL) and oil companies like Marathon Oil (NYSE: MRO) each losing more than 70% between January and March.
Money Morning's options specialist, Tom Gentile, was ahead of this.
In February, Tom wrote about these stocks and how you could buy their put options expiring 60 to 90 days out for a substantial profit.
Both options strategies earned readers over 300%.