Time to be a bit more aggressive and speculative in the betting I think.
Buying deep OTM puts on SPX for 3700 and 3500 strikes while we 3900. Have some with 2 weeks and they go up to 2 months. I'm also shorting call spreads against the 4060 - 4100 strikes. Essentially making my main bet the market will not go above there, I'll breakeven if that happens - and if we head into the flash down event, the OTM puts will thrive.
Buying deep OTM puts on SPX for 3700 and 3500 strikes while we 3900. Have some with 2 weeks and they go up to 2 months. I'm also shorting call spreads against the 4060 - 4100 strikes. Essentially making my main bet the market will not go above there, I'll breakeven if that happens - and if we head into the flash down event, the OTM puts will thrive.