### Comment:
That makes sense. So basically buying longer term puts and calls for SPY, like a month out, then hold and your bound to make money eventually because low volume can shift the whole market one direction or another.

### REPLY:
Definitely not. If market volume is low and is expected to remain low (eg May-Aug every year), market makers know to expect higher volatility and this is priced into premiums. With your strategy you will, on expectation, pay huge amounts of theta unless you are directionally correct significantly.

### END.