Well, we seem to have an opportunity to get into what seems to be a relatively safe SPX position -- and the market makers seem to be cooperating, at least so far.
So, with the SPX at about 1288, let's . . .
Sell 20 April SPX 1110 puts - SPTPB
Buy 20 April SPX 1100 puts - SPTPT
Credit of about $.55 ($1,100)
Cushion of about 178 points for six weeks. Maintenance is $20,000. Mathematical probability (according to the delta) is near 97%.
Be careful. Don't get greedy and double check the option symbols before placing your orders.