Unexpected market closure and options?

Quote from johnshepherd59:

Am I wrong in thinking that the 665/680/695 goog weekly fly I bought on friday will increase in value (assuming the stock doesn't tank or go up too much) because of theta decay? Because the stock market did not trade on monday and tuesday, the fly, when it opens tomorrow, will trade like two days have passed. I am thinking that even if implied volatility goes up tomorrow, theta decay should still allow me to make money. I always thought that options decay faster as expiration gets closer.
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GOOG will touch 680 tomorrow, so you'll pick up $2 on your fly.
 
Quote from atticus:

GOOG will touch 680 tomorrow, so you'll pick up $2 on your fly.
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I just checked on TOS that last week, the same fly traded at 6.775 at the end of the day on wednesday.
 
Quote from johnshepherd59:

Am I wrong in thinking that the 665/680/695 goog weekly fly I bought on friday will increase in value (assuming the stock doesn't tank or go up too much) because of theta decay?
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My educated guess is that because of the two day market close, the up coming election and Wednesday being the last trading day in October that GOOG will fly past $695 by end of the day on October 31, 2012.

Your fly will be a total loss.

:)
 
Quote from diaoptions:

My educated guess is that because of the two day market close, the up coming election and Wednesday being the last trading day in October that GOOG will fly past $695 by end of the day on October 31, 2012.

Your fly will be a total loss.

:)
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Are you putting money down on this? I expected them to tank including AAPL with CEOS gone and will probably buying some puts on QQQ.
 
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