My OPTION TRADES..... part 2

Why do you think the other side paid 80% implied volatility for strike 30? I assume you do not think the reasons are things such as: "they are stupid and I am smart", "are in the holidays mood and are out to give money to others", etc
 
Quote from tradingjournals:

Why do you think the other side paid 80% implied volatility for strike 30? I assume you do not think the reasons are things such as: "they are stupid and I am smart", "are in the holidays mood and are out to give money to others", etc
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Most things boil down to supply and demand.
When the S+D fluctuate... so too does the bid/ask numbers, as well as the gap between those numbers.

That S+D credit merely reflects a particular moment in time.
It may change 5 seconds, 5 minutes, 5 hours or 5 days from now.
The $0.35 credit I earned for a 24 - 25% otm, one month trade, merely reflected supply and demand at that particular "moment in time".... all due to various "fluctuating" variables.
I wish I had waited for another "moment".... a day later.
 
I know tradingjournal is just killing time, "nonsense bantering", for no apparent reason. He's been doing that for weeks.
Is that your reference to tar baby, or am i missing something?
 
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