Puts On The Rampage - Bears Are Out In Force

Quote from dmo:

Much, much, much more interesting to me than volume is looking at the implied volatilities.

So volume schmolume. It's IV that tells the story.

why not look at both?
 
Quote from TYtrader:

why not look at both?

Sure, absolutely, the more info the better. I guess my point is that volume without IV can be very misleading, because you don't know whether it's buying or selling that's driving the volume. IV gives you a look inside that volume and makes the picture clear.
 
Well I know I decided to let my August puts on the OEX and calls on the Vix run yesterday instead of taking a quick 100% profit and then sold them early today for very little profit. This chop makes it hard to make $ on options trying to play a trend. Of course I'll be right back in if this turns.
 
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