Trade!

I bought another put on EWA (MSCI Australia index) at a very cheap price. EWA is at $23.54.

Buy Oct. $23 EWA put @ $2.00.

I've been using the implied volatility as a measure of how expensive options are. The IV is the only subjective measure, and therefore gives a benchmark for tracking investor sentiment over time.

While I unfortunately bought the Jul 19 EWA puts at an implied volatility of almost 30, this one came in at 17.8. You can't get much cheaper than that.