How deep into IV do you guys get when you trade? Are you using skew and term structure or just using 30 day IV or something along those lines? Do you guys ever use skew at all, the more I look the more I do not see people paying attention to this. -Mark
Sure. It's not the only factor, but you can take advantage of certain circumstances that happen occasionally. Then there are the discrepancies that occur only once a decade that you have to look at. Sure Then they're missing out.