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Re: Perseverance71 post# 337077

Wednesday, 02/24/2021 8:39:08 AM

Wednesday, February 24, 2021 8:39:08 AM

Post# of 389168
That's ridiculous. Implied volatility was high yesterday morning in front of Powell's appearance before the Senate Banking Committee. Then it faded throughout the day (mean reversion).

Traders who use options to make directional bets (gamble) on share price when IV is high greatly increase their odds of getting burned.

One is way better off sitting at a table in a casino where at least one can drink for free while one is getting burned.

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