That seems very unlikely? We're already down 30ish % from all time high? So that would be something like down 93% from all time high? I feel like the federal government would close in and close the stock market before that happened?From today's options market: over 250,000 SPY June 20 Puts at $0.05, which means that one is betting on roughly a 91% fall from here by mid June. a $1.25 million bet.