Warning: I am not an expert, do your own research. I would sell around 32 delta out of the money put on SPY. You have around a 68% chance to make a profit. Thi

Warning: I am not an expert, do your own research. I would sell around 32 delta out of the money put on SPY. You have around a 68% chance to make a profit. This is a naked position so you need to understand that it has undefined risk. You could cover yourself by buying a further out the money put. My investment philosophy pretty much coincides with the tastytrade.com guys. If you want to learn more, I would checkout dough.com and do the free course on there.