I know this may be pretty far away, but I saw what looks like a pretty good trade for May. I'm a patient guy.
With the SPX at 1316, let's:
Sell 20 May SPX 1130 puts - SPTQF
Buy 20 May SPX 1120 puts - SPTQD
Credit of about $.55 ($1,100)
I was filled at $.55 a little while ago. If you get filled at $.50, you'll still be doing just fine. More aggressive traders may want to trade the 1140/1130 bull put spread.
Total profit potential of $.55 ($1,100). Cushion of 186 points. Maintenance is $20,000.
Let's also use this trade for our Zero-Plus strategy, trading a 30 contract position.
Be careful. Don't be greedy and make sure to double check the option symbols before placing your trades.