Tom and Tony compare selling puts in the SPY to selling calls in the VIX.
The average buy and hold investor is long the market and often purchases protection in the form of SPY puts or VIX calls. Investors tend to over pay for this insurance and as traders we want to capitalize on this.
We analyzed short puts in SPY compared to short calls in VIX. The VIX calls have a higher win rate, but the SPY short puts had the higher average P/L.
Tune in to hear Tom and Tony's thorough analysis of all the metrics!