Recently I came across the some chatter amoung some option students about Alpha. Not in the kind hedge funds generate to make the big dough but the more vanilla kind. This isn't the first go around, we have been getting these types of questions from our options mentorting students for some time.
It is somewhat common knowledge that I continue to be a seller of option premiums right now. However, that doesn’t mean that traders should be selling all option premiums. There are a few tech names where the implied volatilities have been crushed to levels that we have not seen in some time. Take AAPL for instance: 30 day option implied volatility is at two year lows: