I recommend buying a 6-month 10% OTM (200 strike) put on S&P 500. the IV was 11.8%,cost was 1.3 pts. I recommended closing the trade after the surge in vol in the runup to the election, with IV at 22% and S&P at 2080. The level was 5.6 pts, Giving a net payout of 330%.
