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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (141075)	2/6/2007 4:48:51 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 209892

I trade options, but again it depends on how you set them up. I have Bull Spreads in the SP Futures, Long Calls on Cotton, open Long calls on the SPYder, Puts on the SemiConductor Index, Short Calls on various stocks, Long Calls on others..... I can't even remember them all when I look at the account statement. Sometimes I have to plug them into another link just to find out exactly what I'm Long and Short. But basically I try to buy High Delta and Sell Low Delta. If wrong on direction then the answer is to get out of Dodge ASAP. How did we get on Options Volatility anyway? I gathered the intent was to discuss the Volatility of options in general on the OEX et al? Which brings us to the following.... VIX could also be low because of a "relatively".....not to contradict what I posted to Ski, but relatively low motion in the SPX. When I was trading the spoo back in the late 1990s the thing could rocket 30, 40, 50 points at any time. Sure you could could go for awhile moving 5, 10 points a day, but then you get this outside move of 20 points. When do we get that now? We have a 1431ish tick in the middle of December and almost two months later 1448. The Market is less volatile than I remember it 8 or 10 years ago. But, unlike the kids who have life easy these days, back then I used to walk uphill to school in the snow....both ways.