Wells Fargo and Company (WFC)

[Porgie Tirebiter]

That's great. But I don't like to buy options unless it's part of a spread or for a stock I own. And even in the case of stocks I own only when I.V. is way down.

When one buys a naked option there is only one way to win and that's if the price moves in your direction, and rather rapidly at that. Add high I.V. and now you're swimming against the current.

That's just my options philosophy... To each their own.