'Bondguy8' pid='32853' datel Wrote:Kevin- what are your thoughts on implied vol here? Vol showing nothing to worry about in Dec (Tradestar pointed this out). Anything interesting in Jan or March maturities? I am long the common and have been trading around options. I still want to express long bias
Remember, implied vol is always backward looking. It doesn't really show anything about how the stock will move unless there are some kind of abnormality, such as imp vol for the 17 strike is much higher than where it theoretically should be when compared to the other strikes.
If you want to express long bias, you can do it in a variety of ways, but I still wouldn't want to go net long calls. The above poster is correct, activity dies down this time of year and picks up after new years so buying options (either calls or puts) faces decay issues. If you want to go long, go buy some shares or sell put spreads.