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That some potential research to do. As i rule, i prefer to keep things simple and not do too much models and approximations. For the KEYS example, i would just go to the next candidate. That's interesting. There will be another approximation : The IV for a 3 weeks ATM option is not the same as the IV for the 1 week ATM option. So you need to extrapolate on the short end and that also introduces some approximations. I don't have that, but there is a column to say if the stock has weeklies or not.

@borgia Like most people here I only have very good things to say about SO. Following are few things I would like to further add. 1) I have not come across anyone, any service that would publish all past performance data like SO does. This data is based on real fills. I was skeptical about this for a long time and thought like most service SO might also be just cooking these reports to make it look pretty and shiny. I was very wrong! I have personally verified nothing fishy going on over here. I have evaluated more than a dozen of similar services and they all failed my expectation of some basic genuine reporting. Without reporting to me, you have nothing. 2) This is an amazing community of very smart people. Kim and Yowser understand the core dynamics of Options trading. I have not come across anyone with this level of knowledge. 3) You will not come across any service where you can learn so much about the trading. The knowledge you get from here is yours forever. You can use this knowledge in any markets and will always have positive edge. 4. 5. 6. I want to add more to this. But ran out of time. I will update this later.

There are lots of free learning resources - for example tastytrade

I dont know too much about Options Advantage but I couldn't speak more highly of the Steady Options approach. Kim and Yowster take a complete portfolio approach and trade several different trade plans. When you only trade one approach the P&L ride can be pretty bumpy as any approach goes through a period of working and not working as the market shifts around. Taking a portfolio approach we're encouraged to think not just what is the profit potential of this trade but how does this improve the profit potential of my whole portfolio. This leads to exploration of many different types of strategies (straddles, diagonals, calendars, flys and some more innovative ones) that attempt to add the maximum upside whilst reducing the downside risk to the whole portfolio.....ie. a portfolio that can work regardless of whether the market goes up, down or sideways. The other key thing is that its not a trade alert service. The trades approach is explained with reasoning/explanation of the long term edge and members are encouraged to learn the trade and make it their own. This is evident in the number of 'unofficial trades' members propose and trade on their own. Beyond the expertise of Kim and Yowster there is a healthy community of members from all different backgrounds and experience levels who are a great help to anyone wanting to learn. I, myself, have had fantastic and thoughtful replies to questions that probably seem obvious to more experienced members but were still something that had been stumping me. I really cant overstate the benefit of the community in helping each other learn.