Somebody, VIX My Portfolio!

DJIA closed above 15,000 and I'm ready to throw in the towel with my VIX ETFs, but if the sell-off occurs after my SPY puts expire, they'll be my get-rich-quick tickets to financial repatriation.

My concern right now is that I might have overpaid for some of the calls I snatched up - most of which had very little open interest.  

I'm also tempted to buy some more SPY puts as well as some VIX ETF calls, but having been burned at the stake by the Grand Inquisitor Bulls for such a prolonged period, I'm frankly spooked that I might end up getting burned from both sides.  

Bearish divergences haven't mattered for a while.  Fundamentals haven't mattered for a while.  The Chairman has been the only market driver lately.  

If I wait until the selling begins to buy SPY puts, I won't get the best price.  If I get in now, I might get burned some more.

What to do?  What to do?  


-0.56% SBA
-2.18% Roth IRA

+0.58% DJIA
+0.11% Nasdaq
+0.52% S&P 

+0.55% FTSE
+0.27% Eurofirst
+3.55% Nikkei
+0.20% Shanghai
+1.09% SENSEX

-0.77% WTI
-1.31% Brent
-1.36% Gold
-0.24% Copper
-0.29% Corn

+1.58% DJT
+1.34% VIX