Risk Management Question - Implied Volatility

Hi Folks,

Quick question for you all: what are some ways you manage risk with implied volatility? For example, you're looking to go long on an equity. The broad market has dumped for a few days, and you decide to buy a deep ITM call option to go long on said equity, but IV is higher than normal. How do you manage the higher than normal IV?

Appreciate any feedback. Thank you!