SPX adjustment

I just sold 2 contracts of SPX May 850 put at $3.3. Total credit = $660

Total debit for the existing SPX position = $9700 - 660 = $9040

SPX wants to move higher, but Nasdaq is lagging. Institutions are playing the stress test result. I really don't feel comfortable buying at this level because of the potential trap. The short-term upside potential is small while the downside risk is too large.