Why do you think the other side paid 80% implied volatility for strike 30? I assume you do not think the reasons are things such as: "they are stupid and I am smart", "are in the holidays mood and are out to give money to others", etc
Most things boil down to supply and demand. When the S+D fluctuate... so too does the bid/ask numbers, as well as the gap between those numbers. That S+D credit merely reflects a particular moment in time. It may change 5 seconds, 5 minutes, 5 hours or 5 days from now. The $0.35 credit I earned for a 24 - 25% otm, one month trade, merely reflected supply and demand at that particular "moment in time".... all due to various "fluctuating" variables. I wish I had waited for another "moment".... a day later.
Sit back, relax and enjoy.... Have a nice day. http://www.youtube.com/watch?v=TVpJGqvff28 I'm busy preparing for for the coming week in the market.... which I anticipate to be volatile to the downside. Look for lots of supply... Not as much demand.)
I know tradingjournal is just killing time, "nonsense bantering", for no apparent reason. He's been doing that for weeks. Is that your reference to tar baby, or am i missing something?