With stocks reaching new lows, manufacturing numbers crashing, and gold reaching new highs, the price traders are willing to pay for protective options is soaring.

As measured by the market's fear gauge - the Volatility Index (VIX) - investors are paying twice the ten-year average to protect their holdings. For investors familiar with the options market, these jacked-up premiums present an incredible opportunity to generate income through selling calls and puts.

Learn how you can profit from this here.