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That makes sense, thanks. It would be nice to have an FDA drug decision announcement every week or so. :)

I know I'm supposed to do a reverse calendar before the earnings release for the IV crush and gamma, but I (one of Cottle's suckers!) actually have done the opposite and traded several far out of the money double calendars and made small profit on most of them. One time the stock really blew...

Sorry, I guess this is a double post - I thought it didn't accept my previous post.

I tried doing a search here, but didn't find what I was looking for. I saw more of double diagonals the other way around. I want to buy a very far month straddle, and short near month strangles continuously for theta decay. The danger is when the underlying goes to or passes one of the...

I tried doing a search here, but didn't find what I was looking for. I want to buy a very far month straddle, and short near month strangles continuously for theta decay. The danger is when the underlying goes or passes one of the short strikes because I'm gamma negative. I suppose another...