I'm also going to experiment with strangles. I'll probably write the call at the money and the put below. When volatility is high, I will only write the calls. No one wants to be short a put in a high volatility environment. That would be as dumb as owning the stock after the spike.
How ironic, I have been experimenting with straddles for about a week now (very small amount). I realized that I barely had to put up more collateral with the straddle than with my naked calls that I sold. I currently have the $9 straddle on, as well as my put calendar at $9. I'm going to let whatever expires tomorrow just expire instead of writing more. I don't want to be stuck with these after the reverse split, otherwise it is a pain in the #$%$ to get rid of them. I had to call in last time and got raped on the price since the spread was so wide.
GS did a study and found that whenever TVIX hits a new new new new all time low. I has a 90% chance of hitting a new new new new new all time low the next day.
By almost any objective measure, Obama will not be ranked very high on that list. Average at best.
I have actually been putting a lot of thought into what would I do if a competent SEC was put into place. TVIX and UVXY would be gone for sure. I'm guessing most leveraged ETF's would also be in jeopardy of being delisted. Without UVXY and TVIX around for me to make money on the inevitable downward trek, I might have to start reading annual reports again and actually trying to find something worth investing in. However with that being said, Hillary's SEC will probably be as incompetent as Obama's was, so this dream ETN can live on forever.
You certainly have credibility, you also called last Monday a buying opportunity.