The Euro shivers still resonate. No doubt. Usually for a day or two lately but they are very real and drive our equity and volatility markets to hair raising swings. The stock market does not seem to care about fundamentals or earnings anymore. Does any of the recent volatility moves make anything standout as a possible opportunity?

In our May 3rd post, we began exploring the concept of having an edge, or advantage and its importance in trading. Today's post looks at the edge from the options perspective.Many people are familiar with the leverage advantage of options however, some are not familiar with the disadvantages including time decay and how changing volatility influences options values.

Since our last market review, the character of the equity market has abruptly changed from a likely correction of the major uptrend to something of greater concern for the bulls.