"Hi Warren. How are you doing young man? It surely must not feel that bad at 80. Anyhow, let's get to business uncle warren. Warren: do you remember the short put trade you made three years ago or so? Why you do not do it again, but this time on VXX/vix/etc. I can explain more why you would cash in big. PM me at tradingjournals if you want to know me. See you later Warren.--TJ". Guys, the key in Warren's trade about the short puts was that it was NOT marked to market. That was the free option he got from the idiots who bought from him. He could do a similar trade shorting VXX above 40. As long as there is no mark to market, warren can make a lot of money. I actually know why he would make it. How far do you think VXX would go before visiting say 30.