Quote from babutime:
For AAPL, simulate that calendar using a 12 point drop in MAY and see what happens- just for good measure.
Also- a 10% drop or rise isn't unlikely, the drop especially. AAPL has moved 10% on earnings before... I'm still gonna get into some biased flies...
Quote from Doobs789:
Yeah, should be interesting to see where the ATM May vol is tomorrow. Your fly/strangle should look nice if it hangs around the 590 level.