Regarding that put option selling example @ VIX 28 btw @Leo10
message from a couple of months ago Sept 16:
(Note: “Long” in this context as-in “Long option”, compared to the inverse “Short option, typically a Put”. Sometimes people talk about a stock as “I’m long X” referring to being bullish on X, when often the context is the stock and not derivatives.)
https://twitter.com/jam_croissant/status/1306053115892903938
(Sept 20 “Evergrande news drop”)
Still, I wouldn’t encourage anyone to make any decisions based on what I’ve said; everyone should make their own decisions. Full disclaimer: I currently don’t have a trade position (all cash) from Friday. I’m watching how futures go, and whether the VIX / its futures curve calms down or goes into full backwardation.