Yeah definitely inherent vega risk there, but I would still take the later date. On the flip-side, I was looking at some Sep/Oct calendars for a short hold, but decided against it.
I am in the fly at 10.10 risk (irons)
Yeah probably too late. I closed my MA position, as I was neutral to 455. Do you still like those GOOG 750 cals? I guess we'll see where the stock is in a few hours.
Any journal updates? I know it may be kind of tough here with the nascent move in vol.
That AAPL Oct/Nov IV spread has now narrowed to under 200 bp. So I guess it's a wait and see type thing. I think it will probably drift to 675 by week's end. Maybe a Sep/Oct calendar would work if...
I am going to stick with the AAPL fly for now. I am also still in the flies and cals in MA neutral to 455. But I know you can only be in one position for the journal.
Liking the new GOOG trade.