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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (54179)9/28/2000 1:18:28 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 63513
 
Well thank you JXN, you learn something new everyday...did you notice this? Would that "sudden drop" be a low pole?

>>While this will cause IV to gradually decrease, on Friday IV spiked due to the sudden drop and that gives you a nice entry point for a butterfly. There's a rather pronounced volatility skew between front and back month options now which makes a butterfly with October strikes look especially intriguing and also makes this situationa prime candidate for calendar spreads<<