Thanks, I guess it was an interesting week for the short vol crowd. We knew this was coming at some point, it was the crowded trade. One big issue that some don't consider with shorting vol and options is your firm and their risk models/team. All is good till its not. I had sold a bunch of premium myself when VIX was >35 this week, and on Friday Think or Swim called me and said "you have to cover your risk, or we will go in at the market and do it for you". The risk guy said he didn't want to negotiate with me, cause they were backed up with "loads" of customers that they had to cover. Luckily I was able to straighten out my tail before they were going to cover. Normally this isnt a huge deal in "regular" markets, but this week the option world was in crash mode after the XIV fiasco on Monday. Many options I watched had ridiculous markets, $.50 bid at $10. None were coming in for sale, even with 1 day to go till expo. So I couldn't afford to have TorS go in and cover me at the market, $10, could have been a disaster. Was crazy for sure.