Buying weekly puts on SPY before Fed rate hikes, CPI/inflation reports

Looking at past three rate hikes; March had spy gain pre and post hike (.25% hike). May and June (.5%+) had deep drops pre and post rate hikes. CPI announcements also have significant drops ~3 days before announcements every time this year. Of course there’s a litany more factors, but I’m looking at correlation of rate hikes dropping indexes about one week before announcements. CPI is about 3 days before announcements. Considering puts for 7-10 days expiration pre-announcements.