There's 2 versions of the Trend/Pullback system, one version looks like it may exit today, SPY needs to close over the 9 EMA currently  447.99 and SPY is trading at 448.3. Should price close over the 9 EMA the aggressive version will exit. 

Therefore assuming it will exit, we choose to exit 1/2 of the position with stops entry for the ETF and option. If you only bought 1 options you can't sell 1/2 but you can choose to either sell the option or the ETF.

Matt