### Comment:
Could you provide some details about your positions please? Generally speaking, do you do single legged nakeds or spreads? How large of a position do you take at a time? Do you ease into a position or all at once? How long are you holding; minutes or hours, days? Any other insight about how you decide when to enter and exit is appreciated as well.

### REPLY:
I decide on enter and exit points based on what the IV of the option is and if SPY suddenly spiked in a very short amount of time. I have seen that over the last 2 weeks it can almost never defend it.  Normally I will only look to buy the puts if IV is around 17%. Preferably closer to 16%.

### END.