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I'm waiting with bated breath.

What expiry are you using for the long side? The Aug5/Aug 19 225 call calendar closed at ~$1.30. The Aug19 240 call mid-price closed at $3.20. I guess we'll see what the crush looks like in the morning.

I understand the calendar doesn't have to pin, but I think the B/E is tighter than $212-243. I don't come close to using up all of my margin which is why I don't care about it. I defer to other portfolio risk parameters to guide my sizing.

There's a second conference call? Man--I do have a lot to learn!

I don't concern myself with margin, particularly with a one-day trade. Sure a calendar would work too, especially if it pins the strike. But the strangle gives me a little more room and flexibility to make a profit. I understand the risk is unlimited, but I just wanted more room to be right.

Thanks for this. My B/E range is ±6.7%. The absolute average of your close% change is 6.4%. The max% is obviously higher than this (conversely the low% is lower). Another one of my considerations was the fact that there has been a fair amount of transparency on orders/sales this quarter so I...

My post was post-earnings. I rarely buy premium, particularly with earnings IV built into it. My break-even range is $212-243. I'm quite comfortable with this range.

Wow--I have so much to learn from you.

So far so good. Let's just stay right here.

I'm just asking what you did with them. Are you adding to an existing short or opening a new position? I'm just curious as to how you're trading it.

I'm referencing post numbers. Eg. This one is post #558.

I'm not sure how much clearer my question could be.

^ What happened with your other shorts @ posts 512,516,526?

Sold...both of you. :) Short Aug 5 220/235 strangle @ $7.90.

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

OK, I interpreted the OP differently--similar to K-Pia and OC. I read it as "within a range". So long straddle is fine and I would exit at +30% of debit. Maybe a short fly as well, but I hate 3-legged setups (since one side if so far ITM resulting in poor execution) unless you do the iron fly.

How does a long straddle and scalping gamma achieve the OP's objective? The OP wants a vol crush.

My strangle should still be a winner at the open tomorrow if it opens at around $800. If the ES remains weak overnight, hopefully it'll open $780-$790. Either way, I'm looking to fade the open a la FB. I'm not too fussed either way. GOOGL is my second largest holding (behind BRK) in my...

Short GOOGL Jul29 740/805 strangle for $15.20 credit. I also have another slightly bearish position on GOOGL in the regular August expiry which is why my strangle is slightly skewed to the upside.

Bought a Jul29/Aug19 97.5 call calendar for a debit of $0.30 last week. I felt it was too cheap to pass by. I'm looking for...nothing.