A very thoughtful decision. It looks that it might go back to $59. I wrote more of 55 April Puts. The support at $58 is getting weaker though. So, I would suggest writing 60 Apr Calls also to cover your position. Please forgive me if I am too suggestive.
could be a decent ST cover... 57.50 probably near-term downside into expiry... unless market continues slide later today. JMHO I