THE COVERED CALL
I forgot to mention, when people say, “these options are cheap” or “premium is cheap here” -- they are referring to the HV vs IV chart I showed you. They are not talking the stock price. When options are cheap it means the IV is very close to HV or even below it. In essence options are cheap relative to their historical price via volatility, nothing else.
USE OI FOR BUYING YOUR OWN INDEX