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I just read that Apple will announce earnings on Thursday, October 25.

Got screwed on Goog. Had to sell in the high 14's. Did it fall fast or what.

These weekly flies seem pretty dangerous. Even a 2% move up or down will result in a huge loss.

Looks like QCOR will tank big at open. I see it down 27%.

Got the hell out of the weekly MA at 4.05..

I guess we should hold the MA weekly another day. It seems to dither around the 455 price.

Managed 3.55. Already up.

I am in as well. I did the calls.

I know you're going all in with your apple trade here , but typically speaking, what % of your portfolio do you keep in cash?

Managed to sell at 4.02.

I am seeing a nice gain on the calendar.

Managed to get out at 9.2. Bought at 8.9.

What's the status? Are you still holding on?

What's the best way? Straddle or strangle?

Is it possible to create a position that gains when Implied volatility increases, but is unaffected by delta, gamma and theta? Thanks in advance.

Sold the straddle for 16.55. It will probably go higher but I 'm not taking any chances.

Quick question.How did you come up with the 7.2% move expectation? Did you average CRM's past earnings moves? I will tell you what I did. Last earnings, CRM's monthly straddle traded above $19++ prior to earnings announcement. This was when CRM was in the 130's. Today, the monthly...

CRM reports next week, on August 23rd. If you buy the weekly straddle, in my opinion, theta decay will eat at your profit. The september straddle will not decay as fast as the weekly straddle. I would buy weekly straddle only a day or two before earnings announcement to minimize theta decay.

Do you look at stuff like vega, theta, implied vol, etc to make your decisions? All I've been doing is comparing today's straddle price to the straddle price in the past quarter. Today I bought the CRM strangle for 16.00. I noticed that today's straddle was trading at a discount compared to...

They don't seem to be too good at pricing high vol stocks like linkedin. It absolutely does not work on a company like MSFT which hardly moves after earnings announcement. As far as hedging delta, you need to be delta neutral when you buy your straddle. After that, you hope for the stock to...