Choppy markets always bring people into this thread. Just heard my in-laws actually followed my advice after wanting transition a large portion of their portfolio to cash. I told them that if they are really worried, just have 2 years living expenses in cash and stay in the market.
I have several LEAPS I'm not really concerned about, but other than using them for PMCCs, I plan to just go to defined risk strategies and I'm going with the tactic of many different ones with little risk, but of course, little reward. It's the best strategy I can think of in the current market conditions to keep the tendies flowing.