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Buy some way out of the money puts and go for it. I envy your conviction.

Personally I am keeping both my longs and shorts to be basically flat equities. My play today is to get a little long bonds short term. I can make money if it is oversold and I also won't regret it if you are right and the end of this bull economy and market is near.

I like this trade if you expect a move as this is a cheaper way to set it up and also has a higher chance of success. Personally, I don't like buying strangles for earnings because if I know it is going to move THAT much, I typically have a view on direction and little desire to pay for both...

Whoever was dumb enough to do it just as you posted has made about $1,000 per contract today. Unfortunately, I was too smart for that.

Going long volatility is tough to do profitability generally speaking. Between your two choices, I prefer the VIX calls. VIX options are picking a date where a certain VIX will define your payout, so with these you can choose what time period you think VIX is going to spike (even though the ATM...

I cannot speak for your broker specifically, but many platforms take the mid-price of each option for a spread and not for individual options. The assumption is that for an individual option, the counter party / market maker will need to make an offsetting long/short trade. For a spread, you...

Exactly. It maybe a cult, but cults can last for a long time. So for now I just sit on the sidelines and wait.

TSLA maybe eventually doomed. But how do you play that?