FED's will keep a strong bottom for S&P 500 around 180, should FED hikes rate in September. Even if FED doesn't raise rate, which is most likely the case, a prospect of Trump presidency would likely be an excuse for high market for the next few weeks.
1. Short out right with a stop at $220, and cover half of shorts at $200 and $190 respectively.
2. Long 2017-Jan-PUT Option at strike $190 or $200, close position when market starts to dip below $200.