I will start with one important statement, never over leverage.
The market sentiment now is extreme fear. Nobody know what is next, especially when there is a lunatic at the throne, whose voice and opinion could drive the indices down further. That being said, DO NOT all-in for the puts. With $标普500波动率指数(VIX)$ at current level, which implies extreme volatility, puts are extremely expensive and may not yield expected returns. Another rumour or gossip, could drive the price the other direction and trigger margin calls.
Be prudent and cautious. Never all-in.
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