Have you considered using OTM call ratio backspreads? One could put them on for a credit so they make money instead of losing it if your timing is off or if the market crashes. There is still a dip around the long strike where one could lose money, but not when volatility increases (and you close/roll before expiry) nor if the market blows past it.
(Disclaimer: I’m not a financial advisor for any of you. I don’t know your financial situation. I’m not necessarily endorsing the thesis, and this is not financial advice.)
Have you considered using OTM call ratio backspreads? One could put them on for a credit so they make money instead of losing it if your timing is off or if the market crashes. There is still a dip around the long strike where one could lose money, but not when volatility increases (and you close/roll before expiry) nor if the market blows past it.
(Disclaimer: I’m not a financial advisor for any of you. I don’t know your financial situation. I’m not necessarily endorsing the thesis, and this is not financial advice.)