i bought some VIX a couple of months ago and am getting murdered, i still think the market is going to go higher for a short time and come crashing down, it amazes me with all the normal market changing events that it is as high as it is, and the ROI on indexes is a lot higher than buying these stocks that are selling for 100 x actual value, i guess if i had a couple of million to trade with (not invest) it would be worth a go.