### Comment:
So really you’d suggest tweaking my approach to identify low V in the big movers?

### REPLY:
Probably can't avoid it. I imagine elevated IV comes part and parcel with big movers.  
  
 Could look into using vertical spreads to neutralize theta and vega exposure. This also decreases delta compared to a single uncovered option, but offers you relief if the underlying doesn't move your way for a while.

### END.