For the insane among you

A

atticus

Sold 40 of the GOOG Nov 700C at 6.10 average at 38% vols. Long 500 shares against the deltas. Profitable from 560 to 700 post-report, as the vol-line will drop to 24%.

The calls are 16 deltas and I chose to hedge light, as the ops require 650 shares to remain neutral at 612 today.
 
700-strike has dropped to 37% vol which bumps PnL +3.00 on shares. Position up $2,500 marked. A little late to get it, but still worthwhile.
 
Jesus, vols have dropped to 36%. I hope somebody took a piece. Rallymode missed out. Props to IV_Trader for pointing out the touch of 38% vols.
 
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