Icecoldjones -  Going long right here is akin to picking up pennies in front of a bulldozer, IMO. TINA is not a thing anymore. I don't know what broker you're with, but you're likely getting a decent yield on uninvested cash. If not at 3.5% or higher, consider a move into something like CSHI that invests in 1 - 3 month treasuries and runs a very conservative option strategy over the top to give you a 6%+ annualized yield and pays out monthly.  For S&P exposure, you could do something like PJUN, which gives you a downside buffer around 9% but also gives around 15% upside exposure. There are others like this with varying characteristics. My personal fav is SPYI which I recently moved into from JEPI. No downside buffer, but it does provide some protection via an option strategy it runs over the top of the S&P holdings (SPYI gets 60/40 on many of the gains, JEPI does not).