https://www.volatilitynews.com/2008/09/september-29-2008-1231-pm-pst/ Seeing, Hearing, Feeling the Markets Through the Eyes of a Volatilist Sat, 04 Apr 2026 17:17:43 +0000 http://wordpress.org/?v=2.7 hourly 1 https://www.volatilitynews.com/2008/09/september-29-2008-1231-pm-pst/comment-page-1/#comment-41 Craig Tue, 30 Sep 2008 08:57:02 +0000 https://www.volatilitynews.com/?p=669#comment-41 Great site and great posts! Thanks for your insights! I agree that it is simply too expensive to buy straight calls/puts here, but to allow you to get into a position that is more "IV neutral", consider entering via an OTM vertical call spread (buying/selling the same month options). If you think we have the potential for a short-term rally here, then pick up your favorite names via an OTM bull call spread. Then stay in the spread at least until volatility drops, then you can close the short call and remain in the long call. Great site and great posts! Thanks for your insights! I agree that it is simply too expensive to buy straight calls/puts here, but to allow you to get into a position that is more “IV neutral”, consider entering via an OTM vertical call spread (buying/selling the same month options). If you think we have the potential for a short-term rally here, then pick up your favorite names via an OTM bull call spread. Then stay in the spread at least until volatility drops, then you can close the short call and remain in the long call.

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