The bulk of that profit came from volatility spike, rather than simple directional price difference between strike and underlying ("delta"). VIX (https://finan

The bulk of that profit came from volatility spike, rather than simple directional price difference between strike and underlying ("delta"). VIX (https://finance.yahoo.com/quote/%5EVIX https://finance.yahoo.com/quote/%5EVIX) was at 14-15 just a month ago and now at 65 - one of the highest ever! What a time to be alive after years of suppressed volatility! Both calls and puts increase in value when volatility increases.