### Comment:
I could see SPY going towards 260 but not below. 258 is worst case scenario. 
  
    
  
  
 So buy puts at 258 for 1 month expiration and then play accordingly if you are scared about techwreck..

### REPLY:
I have 240 puts. The 52-week low is 253, and I dunno why we wouldn't see that again.

### END.