Step 3: Write an implied thesis statement.

All option traders are volatility traders, whether they realize it or not. Volatility is the key factor both in option pricing and in the profitability of any options trade. A call buyer is not just bullish, but is also betting that the volatility of the stock will be more than that priced into the call. A covered call seller is betting that the volatility of the stock will be less than that implied by the option. So it is very important to understand volatility data to be a successful options trader.

To write an implied thesis statement in response to a narrative , follow these steps:

Sometimes it works better for writers to write an implied thesis statement instead of a stated one because of the nature of the . For example, a report including large amounts of data that seeks to persuade the reader to draw a certain conclusion would be more likely to include a stated thesis. However, a narrative essay that explains certain events in a person's life is more likely to include an implied thesis statement because the writer wants to engage the reader in a different way. College students are often asked to write narrative essays to make connections between their personal experiences and the content they are studying, and an implied thesis statement helps to organize narratives in the same way a stated thesis statement organizes other essays.

Step 3: Write an implied thesis statement.

An implicit thesis statement implies the paper's main idea. No "I" statements should be used.

Both an implied and stated thesis in an academic essay may sound like this: Preparing a weekly schedule helps students to be successful because it allows them to structure their class and work schedules, plan ahead for busy periods, and build in some free time for themselves. Both types of thesis statements provide direction for the remainder of the essay. The difference is that as a stated thesis, the statement actually appears in the of the essay. An implied thesis statement, on the other hand, does not appear in the essay at all.