Personal Finance and Investing

For fun, Read "Wall Street Money Machine" by Wade Cook. Since you like volatility, look at the premium you get for selling calls at close to the market.

Paper trade two or three of those for a couple of months. Then at the beginning, look at the cost of a 3 month put, out of the money. The put, in this scenario, is an insurance policy for the market collapse if it happens. It will probably expire worthless. So does your car insurance but that is the purpose.

The point is, the 4 you set for selling the calls should pay for the puts AND turn an additional profit.

Doing this with the Fortune 500 or Dow, you would have made money every time Orange Anus opened his mouth.