The weekly at the money Spx straddle (expiring tomorrow afternoon) went out at 40.5 bid. They are essentially pricing in a 40.5 move in the SPX tomorrow. Don't remember seeing a straddle that high with one day left in some time. Buy it or sell it? (I did neither)
trader can long SPX nov/dec strangle/straddle 2 weeks before the election day and close it out 1-2 days before the day (nov VIX around 13 on oct 25th -> free lunch) -- no, i didnt take it, i have something else in mind