agreed that retailers likely won't want to hold overnight.
but, empirically, on fridays like this we've sometimes seen strong late-day rallies into the close.
maybe funds "bargain hunting" based on very long fractal algos.
maybe bot manip to paint an uplifting EOW so traders have the EOD bounce in their minds all weakend rather than anxiety about a continued plunge on monday.
regardless of the motivation for ask-whacking it can ruin your puts or VXX calls in a hurry...
so seems prudent to assume it will happen and close puts by 13:00-14:00 unless there is a strong downward momo in play. eg: ADX gapped wide bearish.