Sell part at the huge panic spike and watch for a point to get back in.
Oil futures options trade at night and present less risk but they are usually not liquid with huge spreads. Today may be different.
That’s probably what I am going to do. There is usually that over-reaction and then a closing of the gap. After about 30 minutes to an hour, it will probably close some of that gap and then move back up. I’ll probably make my move then.