Are you for REAL? Doing what you are doing the 20 cent premium on both sides is the same, but you don't have the ability to absorb a ****more than 50% swing in either direction*** without loss! This really is a very simple thing to understand... I just gotta say, this is kind of weird man, I literally have spelled it out to you a few times now... https://www.elitetrader.com/et/threads/vix-put-options-what-am-i-missing.311604/
Vidal Sassoon. That brings up memories. Frack, now I have to look them up and remember why I remember that.