Copper vols

R

riskarb

Are unsustainable here at 55% for July. The premium will have to come in substantially or they'll need to mark the vols to 65-70%. Isn't going to happen. Sell strangles, overwrites [short fut x 3 of the 2sigma otm puts].
 
looks like a high prob. vega play. I'm gaming the deltas here. otm bull calls. the short squeezaroo should play itself out in earnest over the next few weeks. [finger's crossed]:)
 
Can someone with reliable data help me? My broker is showing jul 350 calls IV dropped 1000 bps, all other calls near the money are roughly 61.5%.

incidentally, this is my short strike! should i close for a one day 90% gain? is this info correct? help please, thx.
 
Wow...this contract is getting parabolic. Too bad the slippage and spreads are absolutely ridiculous. $4 bid $8 offered for a measly bull call spread. People would be calling bloody murder if this was an equity option.

I wonder if there are any open positions in the copper pit?......Gee, I wonder if those guys make a decent living down there on the COMEX? :mad:
 
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