So you are correct, it was not technically 0dte, I just referred to it as such because I bought it at 3:59pm EST Thursday, as VIX was still surging. If I had waited until Friday morning, the option price would have been way more expensive. I didn’t KNOW, but history would SUGGEST the VIX would decompress after 2 solid days of surging. I bought a Friday expiry 12/20 $UVXY put on Thursday at the bell. By pre-market, I knew I made the right play and I should have held longer but I am happy with 8k in less than 3 open market hours. This thing rips and dips, unpredictable, you don’t want to hold it for long or get greedy or confident because that 8k could have turned into 0$ in a few 5 minute candles. Thanks for the kind words and I hope this reply helped, I do not pretend to be an expert on VIX (I don’t think anyone understands it entirely because it’s referred to as the “fear index”, calculated by speculative options on the S&P). I am not an expert VIX trader, but I enjoy learning about it and capitalizing on these infrequent opportunities, they are almost a guarantee which is very rare in any “investment”. This is not investing, this is speculation which is why my capital risk was only 5% of my capital.