$SPY levels and scenarios

The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?
200weeklybearmarketTechnical IndicatorsselloffSPDR S&P 500 ETF (SPY) Trend Analysisvolumeshelf

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