Why Volatility Is About to Increase

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  1. Dan, I wanted u to put on a BACKSPREAD in XOM…
    VOL was down yesterday …and should go up like u explained in your video…
    Plus, straggling as two wasting longs vs one on the Backspread.

    .63cr and .66cr…
    Theta is high on the 110.
    Also, I tried to get u all to buy the 115, @.34 area. Now .95. If U bought 5, up $310, to offset the lost on the spread. Will trade at 1.85 if, 110..and still a Credit if XOM tanks..
    Lots of discussions to analyze…


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