Yesterday was the type of day that could give an option trader hope that the increase in implied volatility is coming near the end: The VIX did not close on its high's and, the SPX managed to hold 1300.

Hopefully, you option traders know by now you that the VIX is not the end all be all of volatility

The Greeks aren't real

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

A mixed bag is an unexpected or unorganized assortment of things, people or ideas. We use it to symbolize this week's collection miscellaneous trading ideas.

We saw a weird event take place yesterday; the VIX and the SPX began to correlate.

There are a lot of traders looking for the most favorable trade, in order to pick this trade; one must try to evaluate current conditions. With that in mind, what is the State of Volatility in the SPX?

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

Considering the date, perhaps we should have titled this issue with something related to Valentine's Day but since we are more interested in trading opportunities we think silver is a better choice.

As many of you option traders know, the VIX closed at the lowest point since April 20th, 2010.

Recently, I received an email asking me my thoughts on this question

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