Trade Idea: IWM Feb $118 PUTS

Since we have a pop above a range in essentially all the averages and premiums are down, I'm opening an IWM $118 Put position as I have too much market correlation in the trading portfolio (SPXU, SQQQ, FAZ) so I'm going with options, but my second choice, especially to take advantage of a longer term move would be the 3x leveraged short ETF, SRTY. There's also the 2x leveraged IWM short, TWM (long).