MILESCFA

Option Players Aren't Buying the Rally

On Oct 02 03:56 PM Surly Trader wrote:
... Check out information about Max Ansbacher....
> ttp://ansbacherusa.com/files...
======================...
Thanks Surly. His strategy sounds a lot like what I do; however, whereas I use to sell naked straddles and strangles, as the market volatility went up dramatically, I began to "insure myself" by moving to iron condors and butterflies AND by pushing out (down) the put strikes I sell. The "cost of insurance" has been noticeable! Any thoughts?
BTW: As for the "excess put premium" research, I wouldn't mind a study to two, or a clue as to a "good google search term" to find these studies.

I don't suppose the Ansbacher index is available on the web anywhere, is it?

Lastly, on an options related message board, a (supposed) hedge-fund programmer hinted at a similar index he used. The index was based on the ratios of OTM strikes and brought to mind "a spider chart" (or like a coiled piece of metal used in a wind-up toy). He measured the "compression" as an indicator whether the market was headed up or down (I think as it "coiled" tighter and tighter, he expected a move, but I'm not sure it was also directional). Interestingly, he said the "ratios" between strikes exhibited Fibonacci ratios. Do you know this indicator (any references?)?