S&P 500 corrective wave (A) pullback, New Butterfly

A move back into 3900 would suggest the S&P is unfolding into a corrective wave (A) pullback. Moving away from the analysis that wave (5) still has room to go, we are looking to establish a Put Debit Butterfly 3930/3750/3735 expiring March 19th 2021 to capitalize on this short term pullback while remain long on our portfolio for longer term upside exposure.