Now till May 7th (or 11th, or even 18th) not financial advise but if you believe the lines I've drawn out here, then it could be a decent time to consider a spread, with a slight bias to the downside. But also major upside compared to options costs right now.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.