Sitting this one out

This is a mess. There is opportunity out there to make a ton of money out there right now, but likewise you can just as easily lose it. So I'm going to sit it out.

I am very fearful of an OPEX gap fill/ramp job to 111.7. Though this is a very low probability that this occurs, it's just too risky to buy puts today.

The problem with going long is that SPY has now made a lower low and we have not seen a volume spike in SPY so I believe further downside is ahead, regardless of what happens on OPEX.