That was just for the example but fairly accurate in terms of stat vol. But yeah it’s most of the non-directional modeling.
Volume is a moot point and not important. Options traders want volatility - and the markets are volatile year round.
Wow.....detailed option trades are really wasted on this site... The fact that people think these are just random Flys on big names without looking at the risk profile and vol make up show that options have no place fro real discussion here at ET haha. TT is asking why not just have a competition for stock picking and direction....yeah that is intelligent somewhere above a monkey throwing darts at a newspaper. God forbid there is actual positional analysis and complex positions. I always say calls and puts are for monkey dart throwers while FLYs and their cousins are for people who truly understand options/greeks and real position applications. People should maybe try and ask questions for learning what is going on rather than bathe in mediocrity.