Discipline means organization, chain of command, and logistics.
-- Sun Tsu, The Art of War
I am working on a multi-part article that goes into the details of trading options and how to avoid the plethora of landmines and obstacles designed to separate you from your money. While still working on the article, a stock known as JDS Uniphase (JDSU) caught my attention during the recent massive run-up in price. What I find interesting is that on one hand when a stock moves up in price, the implied volatility (IV) generally goes down. On the other hand, when a stock price spikes higher surprising market participants the IV often will shot higher along with the price.
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