A Blackstone option play
One thing I love doing is selling puts on companies I already own or want to own but at a discount. Personally I sold January 2015 $17 puts on BX and received an average premium of around $3. Last one traded at $2.95 (which was me adding to my position). Well worse case BX goes bankrupt and I ride the loss all the way down. First BX is solid financially and 2nd I would close the position if I ever sensed BK.
Realistically either I am forced to buy the stock for $17 come January 2015 (stock currently sells for $18.70) or I can string out the option selling 2016 ones and buying the 2015 if the stock is trading under 17. Personally I suspect BX will be selling for over $20 by then.
Their AUM is around 210 Billion dollars and growing. They have aggressively bought up distressed real estate and even made a big play into liquid natural gas exporting with Cheniere (LNG).
Something for you more aggressive Fools out there to consider.