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6xx?

Yeah I'm flat here. Just got rid of the last Dec 640 fly.

Out quickly after I put it on, 5.15

I'm still in it, but will close it soon. I added a 625/640/655 to it at 5.20

Great trade, at .80 now

Out of the 620/640/660 fly at 8.20, good for a 1.30 gain

Looking to offer some flies this morning with shares around 634-635: Current Positions: -Oct 615/635/655 at 8.40 (in at 6.20) -Oct 620/640/660 at 8.30 (in at 6.90) Going to hold onto the Dec 540/640/740 fly through earnings.

Out of the 05/30/55 fly at 11.30 (in at 8.75), back to long delta.

Yeah I flipped on delta. Killed the condor, added to the 640 fly.

At 7.80 now

Yeah I saw that article and thread. I really don't want to be in that sector right now.

I'm in that one as well from 6.20 (7.40 mid now) I have so many positions in AAPL right now, its getting confusing.

Yeah could be. Maybe move up a strike on each leg?

I'm out of the calendars as well. 05/30/55 fly now at 11.00 mid (in at 8.75). Neutral to around 632.50 on aggregate positions. I like that condor also.

mREITS have been crushed lately due to QE3 and increased prepayment risk. Would it be advisable to sell any positions in these stocks right here, or hold for a bounce?

Yeah, I just want to offer the 30 fly. I also just added a 620/640/660 fly at 6.90.

Updates: AAPL Oct 605/630/655 Fly at 10.70 (in at 8.75). Looking to offer it soon. Also in the Oct/Nov 640 Calendar, and the 615/635/655 fly (from 16.00 and 6.20 respectively).

Haha, because we're so off

Ok, I agree it's nothing too unusual. But 1 point over spot is still lower than it is now (1.82).

Gotcha. Haircut isn't that big on the R/R though. I guess you could always sell calls and then hedge with SPY puts instead. The Oct contract definitely caught a bid today. Realized vol has been so low lately, I think turned out to be around 8% or so this week. So I suppose there is risk...