Started buying spy around 264 the other day before the bottom dropped to partially hedge some deep in the money puts. Kept buying small all the way down to the lows. Started selling the spy longs today, about half of what I bought so far, still holding all my puts.
Part of me thinks this might just be one great bear trap and we might see new highs, but staying short cause its a small part likely just fear. I been loaded up on 3 month out spy puts with strikes from 245 up to 284 for more than a year. Finally making good money in it after taking serious heat. Gonna keep rolling them over though and stay short.