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-8%/+6% is the occ requirement. i don't think you are going to have anybody offering you that in a retail account.

in my experience, vol tends to move in chunks. this is especially true for 3-day weekend. some people will move their simulation dates up, other leave it an lower vol. it really doesn't matter. usually a good chunk of the weekend will come out before the close on friday. some times on...

what is it that you want to know? the markets are the markets, regardless of how you want to calc IV. if something is 2.00-2.20, does it matter whether you are calculating it on fri, sat, sun, or monday even if it's only noon on the friday of a 3 day weekend?

you sell vol when it's high and hope it goes lower and that you are capable of managing the position. when it's low, you buy it and hope it goes higher and that you can manage the position. you don't need the vix to trade vol. all options have volatility, well, not the expired ones. it's...

these unusually wide spreads don't happen to be on in the money options, are they?

electronically? no in person, on the floor? maybe in a few few products. large groups with a lot of capital and infrastructure are the majority now day. and by a large margin.

step 1, you'd need to learn how to trade volatility.

you legged into a straddle?

your first response led to the slide. and from what i've seen on this board, saying you know more than about anybody else here really doesn't mean a lot. and that's no offense to the members, but many, if not the majority, are obviously very new to options.

well this thread went downhill fast.

you can always trade out of them. you then lock in you gain or loss as opposed to risking it.

keep in mind that futures are a very leveraged product. on a good note, PDT rules don't apply to the futures market. on a bad note, they apply to SEC markets, and you may have some issues since your account is under 25k. however, with index options, you can leg into some fairly tight spreads...

this guy comes to mind for his 1997 incident. http://en.wikipedia.org/wiki/Victor_Niederhoffer

what exactly is a famous options trader?

^this^

it doesn't matter what the current vol is when you sell it if it goes lower and you can manage your gamma.

make sure you understand how the index settles if you plan on holding any positions into expiration. opening cash prints can be well outside of the day's trading range.

my guess is it's available for a fee. you used to be able to get tons of data for free from exchanges.

this thread make me want to sell my long puts.

best advice ever given on this site.