SPY
Here is what my prediction is for these next couple of weeks.
It is possible that it could go lower to 210ish range. I think there is some good support there.
I also hope that it does not break those levels because there is no need to damage older peoples retirement portfolios any more. There could also be some big economic impacts if that does indeed happen to break. Thus in the short term this is what I hop happens and we have a good and healthy bounce back.
I am currently short for 237 PUT May 15 expiration purchased 03/16. Played the MAY 15 $237 CALL on 03/16 and a May 1 CALL at 250 starting on 03/24. Sold the Calls on 03/25/2020 for a gain. Now waiting for the PUT option to play out.
Comment:
looks like this started to play out. Another thing I forgot to mention is that the probability of a gap fill at least should hopefully be there. Again nothing is guaranteed in this world so proceed with caution. Know your tolerance for risk.