Bobby, I need to offer some advice here though and I do speak from experience. It's very dangerous to look at your p&l as a reflection as to whether this strategy held up or survived. As I said before, the long term historical mean on the VIX is 20. We're at 25. Yes, we had a large drop overnight but it was just one night, not 30 day of straight selling like we have had before. At the end of the day, you are 3 months in to this experiment and all the money you made over 60 trading days was lost in one overnight session.
Let me give a better example. If you simply bought SPY back in April and held it through thick and thin, you know how much you would be down right now? Zero. Both strategies are simply long risk and extracting the given risk premium that is offered to everyone on this forum if they should so choose to accept it. It comes with a given sigma for sure, but it's available. The question you need to ask yourself is, are you better off simply being long SPY and not generating taxable events on a daily basis along with commissions if you can earn the same return just being long risk. And to add to that, spend more quality time with family or pursuing other things. It's just a question only you can answer and your answer is none of my business, I'm simply trying to provide just objective perspective here. The goal of trading should not be merely to "survive" but to prosper and to do so irrespective of all other opportunity costs.