I've been trying to find free sources of info for Volatility stats for Aussie markets. I know the ASX has some monthly stats for the major stocks but I can't find anything for the XJO, nor are there graphs that I can see for free on the web. The XJO volatility given by the ASX always seems to be 9, which can't be right as I'm sure it changes?? It makes it difficult for me to know when an option is ripe for buying.
If someone has the current volatility graphs for the XJO (from 200days to 30 and 5 days) could you please post it- it'll be very helpful- thanks!
I've been trying to use Bollinger Bands as a proxy but I'm not sure if it works as well.
This is all part of the learning curve for me, I don't want to get into options without knowing volatility parameters as everyone says it's important to option pricing. So without the volatility graphs I'm buying blind and maybe paying too much or not using the correct strategy.
Does this mean I have to buy some fancy options software and then update volatility data regularly?? If so where is such data available?
I've done google searches but haven't found much.
Thanks in advance!
PS I've attached an old XJO volatility graph that I found. It seems to suggest that volatility drops when the index is going up and spikes up when the xjo falls.