I would recommend using an election squeeze to light up on longs. Also, those sold puts are moving towards 0. I would not stress about hedging that position, rather selling some calls on the squeeze depending on how vol moves post elections. Selling calls and buying puts is the more aggressive trade. I believe we have a sideways consolidating market with a bias towards the downside as time progresses. Therefore selling vol strike november and buying vol strike december could be the best strategy.
I also recommend creating long short portfolios, shorting weak technology names and going long index. Oil and copper also looks like a good shorts on this squeeze.
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