I use price action to look for direction and then options volume, in OVM, for confirmation of strength, and Open Interest for potential targets. In last Thursday's live session, Jose talked about IV of Calls being greater than Puts, with the ratio biased to the Put side, which meant the majority of Calls are sold. Would the inverse be also true, with the IV of Puts, being greater than Calls and the ratio biased to the Call side, indicating Puts are sold?
Another question, if I may?
How can Option Skew be used to determine if more Calls and Puts are being bought or sold?