Buy puts on Closes: IWM < $180 (link) IYR < $85 (change to full position) SPY < $395 (new position, detailed below VIX chart) New Trade on a SPY close below 395.00: Buy SPY Jan 20th $390P (6.00-6.05) Targets: SPY @ $330: $390P @ 60.00 Stop -50% Trailing (Exit on 50% decline from highest print after entry)