I am not scared by this correction. It is going nice and clean. It is gonna be over soon.
Next concern: raise in interest rates will lead to a further loss of at least 10% (not this one, later).
Nonetheless here is a bullish play.
Two standard deviations from now have a little probability to end ITM.
Cover at 50% (likely carrying a 60 days exp to 30 days exp--hoping it is not going down so much in the next month).