### Comment:
But wouldn't you take on the risk of further downside action if your puts get exercised and its not the bottom?

### REPLY:
Not in this case only because you would have bought it anyway at that price. If you are holding cash waiting for a market crash that means you think the market is overvalued and there is a price you are willing to buy into the market. Instead of just waiting for that price with a limit order you could be selling that strike price put and reap a return for your position. 
  
 Effectively further downside risk exists whether you hold cash or cash secured puts.

### END.