You're selling vol without realizing your selling vol. If you want to short vol, why not hedge with the deltas and manage your risk.
The way you propse, you're one gamma spike away from blowing up.
How big of an account are you talking? If it's worthwhile, talk to Newedge, Penson, MFG - any of the big houses - and you'll get margin and global access.
Not sure how many of these are still active but they're ADR issues in the last 12 months.
Agricultural Bank of China ACGBY
Alibaba.com ALBIY
Ambow AMBO
AutoNavi AMAP
BCD Semiconductor Manufacturing BCDS
Bitauto BITA
Bona Film Group BONA
Camelot...