Well.... Its like this, Ive never heard of WALLSTREET JESUS, Dont know who he is... And I dont give a damn who he is!!! DONE
And yes, u are correct. As IV rises while u are holding those options they will indeed increase faster. Actually, Ive seen many times when options will increase with a rising IV even when the stock is trading neutral. Pretty cool shit!! This happens most around 2 weeks before the ER for a stock.
Nope, U CAN NOT MAKE MONEY ON A FALLING IV like u can with puts on a stock. I mean yes, u can still make money on an options trade with an IV thats falling. But not an IV CRUSH. It all depends on how fast that IV is falling, thats the only way u can answer that question. The worst IV crushes or collapses are the DAY OF THE ER Release, Or the very next morning