I short SPY via buying a vertical put spread.
Buy Apr 122 p/ Sell Apr 117 p
SPY @ 131.0
I really stepped in it with my poorly timed put sales on Monday. Yikes! I am hedging my longs, though still net long SPY deltas. There are seven different options in the SPY web.
I thought I was back in rhythm with the markets, but got smacked down. Precious metals continue to run. I don't have a position in SLV, but I have a price target of 36 for the silver ETF.
/edit to add: As I tidy up my post, I see SPY rallying off its lows, so the put spread just entered is already taking on water. As the Shirelles' song goes, "Momma said there would be days like this" (Youtube link).
Long EEM, GDX, GLD, SPY, TBT
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