The election right now is at the forefront of most traders minds. One Index that is quite popular with retail-traders is The Russell 2000 small cap. If you look at the chart you can clearly see how the three indicators i have enlisted point to a Put Option trade with the right expiration to protect time value. The down line is way above 80. You can see how the width is starting to expand which is pointing to increased to the downside.The Williams%R Indicator is well below -80.00 which confirms that a sharp move to the downside is highly probable. My strategy is to buy the Jan 17 1170 Put for $43.00 with a stop at 1180 .