The ACD Method

interesting, we are pretty much flat to where we were when you bought these. are you up on these because the vol has dropped?

or did you buy ATM fly's...?

These were flys on FB and GOOGL that I bought into the correction when vol spiked.
 
Yeah I thought you were referring to the prompt that almost hit parity on delivery.

lol, yeah i saw that. i've learned that when there's about two days to expiration, the crude trades start looking at next month and don't really pay attention to prompt any longer.

what do you think about buying some call fly's into tomorrow's number? WTI is coiled pretty tight right here and sitting just above the the Adown. You can buy a 49.5/50/50.5 (i know it's tight, just first thing i pulled up) fly right now for like .04
 
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