typically just bear call spreads when moving lower - although, by the end of the day today  I effectively ended up with an iron condor type thing for tomorrows expiry (most of my trades are farther out....between 50 and 20 days).  I don't get as worried about being out of balance with short calls in this environment because I feel like there is a very solid cap on the upside (for now). Bull put spreads, on the other hand, freak me out because we all know that the market gaps down big every once in  a while...and we are due.

This is my income machine for the next month or so.  Looks like spaghetti (spreads that really add up to condors), but with BPT's help, I managed to put most on at very opportune points. IMO, Timing is huge with this strategy. TA helps immensely (the guys at TastyTrade would most disagree about TA being helpful, they prefer to buy and sell IV leves, but TA works very well for me).