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Viva Espana

Posted on June 30, 2008

Congrats to Spain for winning the Euro Cup....and providing us an excuse to Google up some Penelope Cruz. When will I learn though: Never Bet the Over!And hey, how 'bout them Inverses? I believe they mess with volatility and put/call readings in that they provide an alternative to puts. Not so much in a frenzy, but in the 99% of the time where nothing much is going on.In other words, different era's have different normal volatility levels. Automation, decimalization, the rise of ETF's, et. al. all change the marketplace for options on the margins. Yes, even the elimination of the plus tick r...

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euro , options , puts , volatility