VIX-Trading. What is the best way to make money?

Im doing at lot of things in parallel at the moment. My play on the VIX is that I have a short put position since some days.

Its following:

-2 Put 05/15 Strike 12

VIX future for May is currently at 13.65

Option traded last today at 0.40. Im in positive terrain since a couple of days.

Its a low maintainance play for me, because I dont have to follow very much.
 

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sellvol

Yes Im thinking of a sideways to up-movement in the Vix-Future while holding the position.

Vix closed at 13.02
May futures closed at 13.22
Put strike is 1.22 points or 10.1% below future price.

VIXQN
2007-05-16 option expiration
VIX MAY07
12 P
-2 * $0.416736 * 100 = $-83.35

I will keep the $83 if the future will settle above the strike.
 
04/24/07 $-83.35
04/27/07 -71.75

Unrealized gain $11.60 in 3 days.
Thats 13.9% on 83.35 or
2.3% on the margin of ca. $500
 
Ive made a quick simulation, if I write every month a put for a premuim of 20% I would get to a bankroll of

2150 at the end of this year
19,000 at the end of next year

That the compounding power (no loss assumed in that period)

Can the VIX stay above 12.0 for the next 1 1/2 year?
 

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