I&#x27;ve always wondered about that.  Isn&#x27;t there some way you can hedge against that possibility, say, by buying puts?  Or is that forbidden by contract?<p>I had a friend who worked at one of the early e-retailers.  During the lockout period she was a multimillionaire (on paper), and by the time it ended her options were under water.  It made me wonder if you could give up part of your potential payday for a little certainty.