Recent content by optrader782

Lets say I buy the AAPL $540 calls that are already trading for $5.00 and I sell the $545 calls against that are trading for $3.50. Now i have a $1.50 debit and a $3.50 max reward. I understand that part. However, what if i want to take off the trade before expiration, lets say the stock goes...

Good Afternoon, I hear all the time that a stocks expected move is xx% based on implied vol of xx% i was wondering how to calculate expected move based on implied vol? Joe More answers here. http://www.elitetrader.com/vb/showthread.php?s=&threadid=228352