Ive been short via puts for weeks now. So right now I have about 15-20 put positions on individual stocks, and a handful of index contracts that are all mostly deep ITM, although they weren't when I bought them. Here's the next bunch of SPY I will sell.
I'll try bank at least 60-70% of the profits and just buy more at lower prices. Not sure what my May OTM strikes will be other than some May $515 I already own. Volatility has spiked so high of late that the premiums change the risk/reward outlook considerably. At some point I will have to switch to selling puts on stocks I have wanted to buy, but refused to because of the mad valuations. A lot of trash companies will fail, but a lot of promising companies will hopefully be available at some semi-reasonable valuations.
But the problem with a complete idiot in charge is you never know how much damage he is capable of. I had S&P ~4500 as my target level to reach, but as the buffoonery increases I am reconsidering and may just hold off a bit longer. Trying to predict anything under the current admin is useless, and we all know how the market digs uncertainty.