Spy puts 505 strike, Oct 31 expiration.

Hello I hope you’re doing well today. I see a SPY gap down at 505, there are 2 other gaps at 524 and 513 on the daily. the market has been running hot this month and a few months before the recent dip in April. I’m thinking this hovering around 530 is showing some resistance, we might see a downturn to cover these gaps in the near term, then a nice run up going towards the end of the year. What are your thoughts on the actual options. Based off my thought process, is it better to buy the options I’m suggestions for around $700 per contract. Or is there another options I should consider? Thank you.