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An increase in volatility can inflate option premiums along with no clear evidence of market direction. If I'm not mistaken, predicting market direction is critical when buying and selling options. If your trading methodology is based on seeking out market volatility extremes to trade options then I hope it is working well for you. The majority of contributors to this thread do not center there trading methodologies around the volatility of a given market. Volatility is important for any instrument traded but it is not the golden egg variable discussed here.
Watching silver. It's coiled up like a snake and seasonal tendencies have a bias towards the upside. That coupled with and improving economy and electronics manufacturers getting read for the new 'summertime models' production run tells me that the demand will increase for this metal.
This the the weekly chart. Good support around the 26.00 level but will look for a breakout to the upside first before selling puts below that level.
Side note: I predict that the market volatility will go UP with the breakout.
Hey
Any thoughts on using Tradestation for Selling Options? I understand they deal in Canada. I phoned them and the chap said they use Span Margin. He said they clear through R J O'Brien