Timing is everything not necessarily a good target... This is how the I/V gets drained from protection or a short from a good target. We can do this for days? <img src=http://stockcharts.com/c-sc/sc?chart=$vix,uu[s,a]dacaynay[da][pd20,2!d10,2][vc60]><img src=http://stockcharts.com/c-sc/sc?chart=$vix,uu[s,a]wacaynay[da][pd20,2!d10,2][vc60]> <img src=http://ih.fotothing.com/59084.gif> OEX - 6 Months <img src=http://www.ivolatility.com/nchart.j?charts=price,volume&1=ticker*OEX,R*1,period*6,schema*options_big&2=ticker*OEX,R*1,period*6,schema*options_big_narrow&add=x:1> <img src=http://www.ivolatility.com/nchart.j?charts=volatility,options_volume&1=ticker*OEX,R*1,period*6,all*3,schema*options_big&2=ticker*OEX,R*1,period*6,schema*options_big_narrow&add=x:1> <img src=http://www.ivolatility.com/nchart.j?charts=options_volume,volatility&1=ticker*OEX,R*1,period*6,schema*options_big_narrow&2=ticker*OEX,R*1,period*6,all*4,schema*options_big&add=x:1> VIX - 6 Months <img src=http://www.ivolatility.com/nchart.j?charts=price,volume&1=ticker*VIX,R*1,period*6,schema*options_big&2=ticker*VIX,R*1,period*6,schema*options_big_narrow&add=x:1> <img src=http://www.ivolatility.com/nchart.j?charts=volatility,options_volume&1=ticker*VIX,R*1,period*6,all*3,schema*options_big&2=ticker*VIX,R*1,period*6,schema*options_big_narrow&add=x:1> <img src=http://www.ivolatility.com/nchart.j?charts=options_volume,volatility&1=ticker*VIX,R*1,period*6,schema*options_big_narrow&2=ticker*VIX,R*1,period*6,all*4,schema*options_big&add=x:1> <a href=http://www.ivolatility.com/help/2.html>Understanding Implied and Historical Volatility</a> <!--Beg_Sig-->