Lions.. IF you are concerned about current positions, you may consider hedging them with ‘protective puts.’
You do this by buying puts with an expiration say a month out, IN THE MONEY 10% of the overall trade.
For example.
You own out of the money calls on XYZ June 18, 2021 value 10K
You buy in the money puts on XYZ November 20, 2020 value 1K
In this manner you remain net long but with a hedge.
GM
Bought SPY NOV27 2020 330 PUT @ 13.33
I think you are saying "Nov 20, 2020" not 2021.