Good morning everyone, as you may know market futures are strongly down this morning. We also have two open short positions from both the SPY and ES systems via the DVDS short. The SPY system has a 1st and 2nd entry short while the ES system has a 1st entry. 

Outside of the systems I'm going to go ahead and close 1/2 of the 2nd position  for the SPY system trade. For the 2nd entries we take two SPY Put options and SDS. I'm taking off one of those Put options here in the morning to lock in some profits. Again that's outside of the system, they are staying put (pun not intended) for now. Another option would be to take off the 1st entry positions and leave the 2nd entry positions on. Anyway, do what fits your style and risk tolerance

Matt