Would you panic?

Decided to take some more risk but maybe this was stupid?! Edit; sold a Put on SNDK 2 days ago looking at 5k premium.. Now wondering if I should "panic close" or wait till the markets hopefully calm. What would you do? Ps i didnt realise the spreads are this hugh. The account is covered so no margin... but still big if i get assigned Edit: i closed the trade because i think i was too "naive" when i opened it. I paid 8800usd (minus premium collected 5k) = 3800usd. Wiped out my wins over the last 4 weeks but here we are... Expensive mistake; i think i learnt about picking underlyings, wide spread and my risk level. If i had gotten assigned and the stock dropped further it would have been way higher losses and blocked capital. I immediately opened a csp on NVDA which i have wheeled in the past and my stocks got called away. This was too big of a beast for me... :) thanks for your comments. Will see what happens with sndk next week