You display your ignorance yet once more. I am almost exclusively a volatility arbitrageur, not a "market timer"."
Volatility arbitrage = Day trader
I was right.
"Volatility arbitrage" is an ultra-myopic investment gambling technique that is void of any long term fundamental market analysis.
IOW, your opinion on Peak Oil ain't worth poop.
Arbing vol in options is: 1) very distinctly NOT a daytrading strategy; the typical trade has a duration of 5-6 weeks, 2) there is very little or (ideally) no "gambling" involved; the strategy is pendent on locating options that are demonstrably mispriced and whose price(s) will revert to close to fair value as expiration nears, and 3) if done carefully, a vol-arb portfolio will actually have a lower beta than the broad market.
I "gamble" a WHOLE lot less than almost anyone who simply owns shares.
Volatility, dear boy, in the investment sense of the word, is a statistical measure, no more, no less. It has effectively nothing to do with how 'wild' a market or markets are, or with daytrading or "market timing".
And it most certainly has nothing to do with "peak oil"; I'll let you economic and energy-business illiterate types deal with that non-concept. Just in passing, there is more crude-equivalent kerogen in the Green River shales (and that's just one area) than in the entirety of Saudi Arabia and Iran combined. And we know how to extract it for roughly $42-46/bbl-equivalent.
Peak oil, is it? A myth, just like the notion of light-rail passenger trains being anything but a gigantic long-term money pit for taxpayers.
Don't start with me on economic issues, Willie. I deal with them in the real world all day, every day, and have for decades. Which, of course, it is so easy to identify an economic illiterate when one such as you turns up. All you know how to do is call names...all of which, in this particular correspondence, have been grossly inaccurate in fact.
Do have a nice day. I'm off to make some more profit.