,At TradersExpo Las Vegas, Jay Soloff on complex options strategy and trading volatility. You want to define risk no matter what the situation. Be prepared for risk. It’s very easy to tighten your risk with options, say with an iron condor. If you’re worried about risk, you can go farther out on your spread. Go tighter on your wings where your risk is lower. I like to put a general VIX or volatility hedge and leave that on. We’ve had a major dislocation in February and crazy October.