ATM Straddle BBY Jan 18th Expiry -- Thoughts?

Quote from FXforex:


You just wanted thoughts on the straddle, there was no post on a position actually taken. This is now a "could have, should have, would have" type of thread.
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Right, because I explicitly said this "would have" been.
 
Quote from barney-:
I will be more precise, and unfortunately more verbose, in the future.
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Just the strikes, quotes, buy/sell and a short commentary is all that's needed. Then everyone is on the same page.


Quote from barney-:
Right, because I explicitly said this "would have" been.
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Yes ..... Stated on Saturday when the final quotes were in for the Jan18 options.
 
Quote from barney-:

I mean... who would go short a straddle on an earnings/sales date with IV so high?

I am sorry. I made assumptions we would be logical and pragmatic.

I will be more precise, and unfortunately more verbose, in the future.
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Lots of people would go short that straddle. Lots of people would go long it. For you to have gone long it, someone else would have gone short it.

So it is an unreasonable assumption to assume the direction when trading volatility.

Do you call your broker and say "I want to trade 20 straddles" and they automatically assume you will be a buyer?
 
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