### Comment:
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.

### REPLY:
Okay... I will look into it some more. It’s not a strategy I plan on thoroughly pursuing, but all this feedback is adding to my knowledge base. Appreciate it

### END.