I repositioned my market protection. Closed out of the 127 Feb SPY puts, and added the same number of the 129 Feb SPY puts. This effectively increases my market protection, but not significantly.
The SP500/Vix overlay has lowered and entered a position to which triggered the re-positioning. If/when the blue (vix) chart approaches the lower blue horizontal line, I will add to the 129 puts.
Still not selling IBM. The 'stranglers' can prey it off of my cold dead hands. Its too inexpensive here. The 'forward PE' in the top right corner clearly shows 149 being the low-end. And that is at a PE lower than the current trailing PE. I will not sell it below 150, no way.