Looks like markets have chosen a level - SPX 4000 has really beefed up and is towering over the other levels on both the put and call side. SG also notes 4000 as the zero gamma level, and Vol Trigger at 3910. We closed at 3900 even on Monday - talk about pinning… - so all signs suggest that in the absence of any news, we’ll float up to the 4000 level for now, with MMs behaving unless we have a bad slide.
Not sure if will be able to time the calls, but once SPX hits 4000, will definitely be getting long dated puts. VIX is moving down nicely too, in the short term.