here is what i'm doing right now, friday bought SSO BOT 100 SSO Stock 100.35 USD ISLAND JAN 3 14:15:38 1.00

i was already holding 500 shares of TVIX at a 1300 dollar loss from 10.21 now trading at 7.37. this is a 2xVIX and it usually moves up if the S&P behaves like it does today.

i also hold a longer term trade with MCP 400 shares and some march and jan's options on WLT, ANR, EEM and APC