I created a stand alone SKEW Driver spreadsheet that is now available on the "Tips and Tricks" page.
https://my.aeromir.com/tips
The spreadsheet connects to thinkorswim for data.
The SKEW Driver looks for $5.00 SPX 20-wide Put spreads that are about 30 days-to-expiration.
If the reading is small (under 30?) then the market is likely over bought.
If the reading is large (over 100? 150?) then the market is likely over sold.
https://my.aeromir.com/tips
The spreadsheet connects to thinkorswim for data.
The SKEW Driver looks for $5.00 SPX 20-wide Put spreads that are about 30 days-to-expiration.
If the reading is small (under 30?) then the market is likely over bought.
If the reading is large (over 100? 150?) then the market is likely over sold.
