ajtj99's Market Pulse

[jdaasoc]

I was thinking since naked calls look like there forbidden as well, only way of buying protection is paying the market maker for long PUTS.

You hold this things for several days waiting for time premium to decay which it doesn't because of the VIX being so high.
You sit there and watch your profits disappear in last 2hrs of tradign session because they can make more money at a higher price for the specificed time when the option expires.

For S&P that is 9:30 open

for equities EOD.