Fell below 70K, and the bears' imagination is running wild—68K, 65K, 60K all saw a significant increase in put positions. Since last night, total trading volume has surged by 50%, block put trading volume continues to rise, short-term IV has spiked noticeably, and skew has turned fully negative. The bears are stepping up their game. The puts held have gone in-the-money, but short-term in-the-money options have weaker liquidity, and directly closing positions comes with significant slippage. You can hedge Delta with futures first, then use http://terminal.glvs.ai's auto-settlement feature to simulate settlement directly at expiration.