AAPL weekly strangle

Locking in AH gains has been posted here numerous times in the past.

 

The AH hedge was the appropriate action, but the point is that this is not the OP's wager on implied vol. The OP can correct me if that was his intention.

SCi is wearing clown shoes.

 

Youre on a planet of delusions. I have a great idea for you, start a fund and call it Hindsight Capital. The returns will be ASTRONOMICAL.

 

"Don't argue with a bully. They will drag you down to their level and beat you with experience."

 

If ToS paperMoney can be believed IV on ATM options (360) was just about 40% on July 15 (when I bought a 360/360 straddle). I guess they haven't updated for yesterday but on 7/18 ATM options (stock was 373) IV was 58%.

 

Nobody disputes that IV rose. ATM premiums did not. IV rises absent decay. You see it all the time in Q reports and biotech, etc.

 

By "vol was flat" i thought you meant ... well, that vol was flat.

 

Vol averaged across all durations rose 300bp from Friday to Monday... into earnings on a $10 move in shares. A combination of synthetic vol and the breakout. Did anyone make any money on the 375 straddle prior/post earnings?