One of my favorite strategies... Bookmark this! I laid out how I deal with the volatility the other day. And I wanted to share it here. I am not that good with timing index volatility to be good at short term hedging through short term puts. And I don't like allocating enough capital to instruments like SQQQ to make it worth it. So my version of hedging looks like keeping a good amount of cash on hand during the volatility to take advantage of dips. Specifically, I will buy leveraged shares of companies that I have really high conviction in, when they hit a major trendline / support on my chart. On Friday I ended up taking 2x $GLW ($GLWG) once GLW hit my trendline around $175. This has been a level that GLW has consistently respected, and I have strong conviction in this stock over the coming quarters. This strong conviction allows me to not worry if the trendline doesn't hold, because I have confidence on a quick recovery. Of course, one day it will break. But I don't think its time yet Then, whether by luck or good timing, $GLW got news with Amazon (which they already told us BTW if we were listening) and the stock went up to $195 pre market. Being familiar enough with this stock, I remember how much resistance there was in the mid 190s, so I sold all my GLWG. I ended up making around 22% and now I have more free capital to allocate. My core $GLW position remains unchanged. I utilize this strategy often. $AAOI with 2x through $AAOX has done me wonders. If you aren't familiar with leveraged shares, I encourage you to do some research. I do not hold these long term as they rebalance. None of this is financial advice, I just wanted to share with you all one of my strategies.