So, I've been paper trading Options for a little while now, and I've been able to determine the best time to buy a specific option, it's best length until expiration, and it's best strike price; but I can't seem to 'get' volatility. I mean, I understand what it measures and how it affects the price of the option, but I can't figure out when volatility is in my favor or not. I use ISE's Quotes, Volatility, and Calculator tool, and it seems to give me all the information I need, but I just don't know how to use it properly. I guess the problem is I don't know how to word this question well enough to find an answer for it. I just need one of you to point me in the general direction of where I should start when it comes to 'playing' volatility. Or maybe I just have a misunderstanding of what volatility actually means and what I can derive from it. I mean, can you look at a volatility chart from a technical point of view like you would a stock price chart and see patterns and what have you? Or is it a little less useful than that.