Some Basic Option Rule:
1.Never Buy Naked CE/PE When IV is high(IVP abv 70-80%)
2.Never Sold Naked CE/PE When IV is too low (IVP below 20%)
3.Never Trade Non-Directional Strategy (Short Straddle/Strangle) in Low IV
4. Never Buy CE/PE before Any event (result/budget)
#RSP