Vaultoro would be perfect for me - if there was any liquidity there.  Localbitcoins is not an option since I'm talking about more than 1 BTC, and getting the cash back into BTC wouldn't be easy (in my current country).

Maybe when 'Options' are popular it can be used as insurance with a potential benefit, but we're not there yet and I think these corrections will be a part of life for the foreseeable future, and our best tea leaf readings (figuratively speaking) will determine our actions.