Take a look at AAI April 5 puts. Very small premiums. AAI has made a big move up recently going up almost 100%. Any bad news in the market or with AAI will bring it back down to 4 or 3.50. Seems like a good value.
I sold my VIX calls this morning. I don't like the action on the VIX today given a market up day. We may get impacted by the uptick ruling tomorrow which will directly impact the VIX. VIX options are too risky right now.