anyone selling any VIX Puts?

I bought puts yesterday. If you're a put seller, I'd be deep out of the money.

You're selling people the right to sell to you at a specified price. VIX moves up dramatically and infrequently, and moves down even more dramatically, but less often. Do you really want someone putting a VIX settlement to you at today's overly inflated price?

Buy a put. Buy the right to sell to someone else. Don't ever sell puts if you don't know what you're doing. Don't ever sell calls unless you're covered.

Do this for at least a year, and maybe consider selling puts if you want to own the security, and think it is a way to lower your cost basis. Strike price minus premium collected.

So if you sell a put, be fully prepared to have someone put those shares to you at the strike. I sell puts only if I have no issue owning the stock, and no issue owning it at the strike price.

thanks again for your help.

Also, VIX are European style, which is probably a good thing, but they do settle in cash, and cash you will pay. They also settle at a settlement price, which is different than VIX spot. It is the expected value at expiration.

If you want to trade, I'd do two things. 1) Learn how t use VIX as insurance, and this really isn't a trade. 2) Trade it infrequently. As in maybe a couple of times a year, like the last couple of days when things are obvious. Then for the other 99% of time, leave it alone.

Yes. But don't buy long term, there is insurance and time premium built in. A lot of it.

I buy the cheapest calls for movement as insurance and roll.
For trades, I bought calls Thurs, Fri, bought and sold yesterday. I bought puts yesterday before close, and I'm already out. And will probably stay out as a trade until next time opportunity comes a knocking. Before Thursday, I hadn't touched VIX except as insurance.

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sell aapl puts

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This is not what he asked, and I'm sure he wont follow blindly by your suggestion

It's a much less scary trade. But don't just sell the puts, sell the straddle.

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Which long straddle are you playing? ~$110?

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You can check out the separate thread about it but since I like leaning long a bit, I'm partial to selling more of an upside one - maybe the 120 or 125. Jan 17 expiry.