What a extraordinary change in volatility the past five weeks. I can’t imagine anyone wanting to buy any option these days for a simple directional trade. Using the Price Cone feature in SlopeCharts, I can show you that the amount of volatility you’re paying for basically covers all possibilities except for an asteroid destroying Earth. Option sellers, on the other hand, are doing great!
To my paying subscribers – – stay tuned. I’ve got an important post coming this evening. I’m going to include Bronze and Silver too, I think.