This week we have an eclectic mix of option trading ideas from searching our database of 3008 underlying stocks, indices and ETFs.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

On February 23, 2011, The CBOE started publishing their Skew Index, measuring what is called "tail risk" or "black swan" risk in the US equity markets.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

In just over two weeks the emerging markets as measured by the MSCI Emerging Markets Index has risen almost 12% despite talk of rising interest rates in Europe, China and Brazil.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

With the US Federal Reserve and other central banks pumping money into the worldwide financial system, events, which could easily be described as major structural shocks, are occurring without having significant effects on the financial markets.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

Comparing the cost of insuring against an earthquake loss, there are some similarities to hedging equity portfolio risk.

Trade selection using volatility as the primary criteria. Different trades for different volatility opportunities.

The current condition seems like a movie we have already seen. Crude oil closes above $100 a barrel, the US dollar is declining along with the emerging market equities.