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BINGO !

I just love these guys who post questions on ET, receive thoughtful responses, then reply with insults. This fool is the 3rd this week to make it to my IGNORE LIST, where he'll join a select group of others who have traded their way to ignorance and poverty.

The answer to that is worth about 300 pages, which others have written far better than I. However, most simply, options will generally decay as volatility decreases. Thus, to profit if indeed the underlying stock AND the market decreases in volatility, then selling the option would be making...

There's no certainty at all that VIX will decrease before spiking even higher. coolraz was mentioning VXX, which I trade, because it tracks the VIX, which, putting it simply, represents market volatility. Thus, being short or long VXX is making a bet on volatility increasing or decreasing...

Your posts and questions continue to demonstrate that you are seriously misunderstanding key concepts about options. Others have tried to be of help, and have suggested that you turn to many other available sources for information. Simply Google "trading options", "Bid Ask Spreads Options"...

When opening a long position, I usually enter a limit between the bid and the ask. I "Split" it. But if there is a tight spread and good volume, and I really want into the trade, I'll use a market order. When setting a stop, I simply set a stop price below current price or my entry price...

Hell, if bullshitting is a crime, this site would have shut down 10 years ago.

I have two comments. First, I would have thought you'd have learned your lesson from 2008, just as I learned the same lesson from 2000. There are a thousand better ways to invest than playing with short puts on equities. Second, here is the most significant problem with your strategy...

There is not a clear answer to that question. Your profits will depend on which put you wrote. For example, the strike price and expiration date will have a big impact on your results. I suggest you follow the recommendation to learn a lot more about what you are trading before you continue...

An interesting point, and one seldom discussed. I discovered a few years ago that simply running backtests on various days of the week helps to uncover potential problems. And of course simply accessing various levels of the VIX when running backtests on anything associated with equities can...

Oh, come on now. At least 90% of the posters on this board could fall into her high income threshold. At least, that's what they've told me.

The odds are strongly against you making money on long-term puts on market indexes. The decay can so weaken your position that by the time something does happen - IF it does - you'll not see any profit. If you feel strongly that you want to bet against the market, then at least have patience...

Hopefully your broker's book explains that if your position goes against you, you'll have one barrel of oil per option contract delivered to your door, because this is a physical commodity. Did you see that referenced?

I agree completely. The only reason to be in a room is to learn, not to blindly follow signals. If you're learning, it may be worth the money. If not, it's better to move on to something that will help you progress in your own capabilities.

Good old Bill. He's forecast 10 of the last 3 recessions.

You'll please excuse me if, with your handle of DARTH SIDIOUS, I don't quite buy the "nice guy" stuff.

Welcome to my IGNORE list.

Actually, it was an excellent start for trading volatility. But, that's what makes a market. There's always money to be made somewhere.

I appreciate the comment about the spreads. Yes, they are high in relation to price, and would detract from my net.

Well, that's why I'm asking. Spreads, volume, tracking the underlying VIX, all open questions for any experienced comments. I've been very pleased with the ETFs/ETNs, but hey, we're always looking, aren't we?