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It would be great if you could post P/L of whole position at opening, so we can double-check yesterday's projections.

BIDU is going to open around $102. Would be interesting to know how you guys both did and how bad the volatility crush was. I would like to compare results with selling a calendar spread.

Gangof4, If you expected a big move in BIDU, why not sell a horizontal spread instead of buying a straddle? Buy Mar 115, sell June 115, for a credit of $5.20. This way you still make money from IV crush. Scriabinop, looks like it would have been a good trade even for you, as it should...

Thanks for the IV chart. Do you think IV will drop, even with the stock up 20%? BIDU looking real good for you, well done.

NTRI up big AH, we should be doing well if it opens at these levels. Now, the question is IV. Do you know what ave historical volatility is on it?

Good luck on it, I will be watching. I am doing the Mar $40's and Jun $40's on NTRI. Hoping for a big IV crush there.

$9.10-$9.20 is what you would get right now for the Straddle.

Sorry, I had $9.10 credit for the Straddle (that's what TOS gave me). With $9.70 and a 30% IV crush (does that seem reasonable), your breakeven points are $105.50 and $124. Losses increase real fast below/above those ($5,500 at $100 for a max profit of $4,300 at $115).

Well, with the hedges , it looks like your breakeven points are $109 and $119. A $4 move does not seem like a lot on BIDU.

When you say the 105/125 hedge, do you mean long the 105 puts and the 125 calls?

I was looking at NTRI for a play tonight. IV is very high and could drop significantly.

I was looking at this strategy for earnings: long one call and short more distant call. This way you could profit from a big move either way, but, and it is what matters, from an IV crush. Could be a good play for these very volatile plays, and could be adapted into a diagonal depending on your...

MTE, Thank you for your help. What kind of flaw could there be in my assumptions as I am just buying the spread based on TOS quotes?

I am not talking about real time data, but about projections. I have noticed that these can be off even only one day later, when IV has not changed much. I have noticed also that OXPS sometimes does not show the same projections as TOS.

How much do you trust the numbers they show on the Analyze tab on ThinkOrSwim? I analyzed a credit ratio backspread yesterday on LVS, as an earnings play (Long 20 $95 puts, short 10 $100 puts): using their software they showed for today a low breakeven point at $102. Today the breakeven point is...

Well, it is either Omega or Lambda depending on where you look. In any case, I am just STUNNED that this indicator is not included in most softwares. I think this is a much more useful indicator than delta, especially for risk management. When I buy an option, I want to know what my risk is...

Thank you for your posts. Omega seems to be the right greek indeed. Thank you also for the suggestion to use weight in the "analyze" tab. I am going to play with this a little bit. And maybe ask TOS to add Omega.

TraderRich, This is very interesting. Did you think about trading options instead of stocks? Of course you would have to filter your stocks to the ones who have options, but it would probably increase your results substantially as it looks like you make most of your money from the big...

"Given that the size of the GOOG investment would be approx. 80 times larger, I would imagine that the risk might be a bit different. But with a delta of 50, both option positions would gain or lose 50 cts with a $1 move in the underlying. Would you now like to debate the likelihood of a $1 move...

"Use the potential point move derived from your pct stock movement, multiply that by the delta and set your stops/alerts near that price" Well, I understand this. But that won't give me my position size, so that for example a 2% loss in the stock would be a $1,000 loss in the option. This is...