The great thing about fast moving markets to the downside is that you can start with $100-200 dollars, buy put options a week or two weeks out and make a significant amount of money to parlay into other puts later.
My total investment in those puts is about 200, but, if things work out right, then, next week I could have thousands. If not, for me, it was worth the chance.
Doesn’t take much to get the train rolling down the track.
Otherwise, cash is definitely the place to be now.