I have zero idea what's going on in this thread as I don't understand options, but it's still one of my favourite threads, lol!
I opened a thinkorswim demo account so I can play around with trades and maybe follow some of yours if I can work out how to place the same ones!
You usually place trades based on your expectation of the volatility of an instrument rather than the direction?
(except when you place a plain put/call trade. The only option trade i'm really aware of)
If so, what sort of things do options traders look at in order to predict this?
e.g, most of the traders on this site trade futures/equities, just going long and short, and use charts/technical analysis to decide whether the instrument is gonna go up or down.
What do volatility traders use?