buying the volatility before earnings.. and scalping the price action.. price action volatility doesn't have to be very high to cover the carry difference between entrance and exit before earnings.. you could make it just on the vol increase.. but thats good you have to tides going your way.. potential implied increase and then potential to scalp pre earnings price action.. am i getting that right?
fwiw - i did the ebay on your recommendation. i saw the same thing you did. i made a little bit of money (about 5% on teh straddle premium) but I didn't hedge the turns well and so left a lot of gamma pnl on the table.
Not a fequent poster, but am a frequent reader.. figiured i'd start posting some as well. bought the belly on the jan/feb/mar vix fly (futs) this morning @ 0.02
Looking to offer some flies this morning with shares around 634-635: Current Positions: -Oct 615/635/655 at 8.40 (in at 6.20) -Oct 620/640/660 at 8.30 (in at 6.90) Going to hold onto the Dec 540/640/740 fly through earnings.