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cdcaveman: Well, it kinda made sense if you don't think about it! ;-) I'm no expert, but that seemed like a good example of the "dopeler effect" {The tendency for stupid ideas to seem more intelligent if they come at you faster!}

You are most welcome. My experience is somewhat limited, so double check anything I say with what you know to get a reference. I am still learning. This stuff is not nearly as simple as I thought it would be. 1) Your logic on your minimum time frame seems valid. ... at least 2x the expected...

Can someone shed insight on the differences in the IV graph for the PUTs VS the CALLs shown below? This is the Implied Volatility for SPY for the SEP monthly expiration (other expirations have similar graphs). Notice that the CALL_IV graph is very similar to the PUT_IV graph, but is rotated...

I really like that 3-d graph, as it conveys a lot of information. Typically, this "future ripple" in that graph is due to an upcoming event, such as earnings, while one would not expect such a "future ripple" in SPY or IWM unless Janet Yellen, for example, has a scheduled announcement or...

Here is a simple graph for SPY IV VS Days to Option Expiration that may provide some insight. (current data) Note that the X-axis is log scale to properly show the relationship with time.

I feel like an idiot! Thank you very much! Of course!

One consideration could be to attempt a reasonable "compromise", and limit the depth of your ITM strike to a delta of in the -70 range (instead of -1). This will get you to a strike with more volume, and hopefully allow you a more peaceful exit (tighter bid/asked spread). For whatever strategy...

Can anyone explain why SPY ITM PUTs with greater than about 25 DTE have so much Extrinsic value? Below is a view of the September monthly, then following is the view of all the PUT options. Typically, (and for other securities and indexes) the ITM PUT extrinsic value tends toward zero, like the...

My 2 cents. We each have to find what we are comfortable with. I only traded this with bullish positions, so weigh my comments accordingly. 1) Minimum time: Depends when the expected move is to occur with your time buffer. I typically chose a minimum of 40 days to a maximum of 120 days for...