Steve, the targets I'm looking at as possible lows are:
COMP: 1197/1167 NDX: 860/820 SPX: 733 SOXX: 300
Anyway, good trading. I don't recommend options at this time for anyone other than those well versed in them. It is like playing with fire.
Sometimes, the best trades I've made are the ones I never made. There are opportunities every day. Don't feel like you have to do something every chance you get.