I don't think so. Some of my puts are already times 10, but no it will not get below $70 today. It will in few days. It mostly takes about 8-10 days for it to correct. It should go to around $60 on the first run, and then about $50.
Long term correction will be to about $35, but before that it could create another top to about $70-$80.
I waited 13 years for this, I know what I'm talking about. You can check out my posts.