Image showing similarities to the 1987 crash and todays markets:
The market is sitting at a schizophrenic level going into Q4. By the term schizophrenic, I mean that the market technicals show that if we do not hold this $420 level on the SPY 0.00%↑ we could then see an aggressive sell off. Seeing as we are still above this 420 level, the options market is offering us a relatively attractive risk reward ratio. Below is the option trade that could 10 X should the market correct a full 20%.