Butterfly/Condor in increasing volatility situation

Discussion in 'Options' started by rselitetrader, Apr 5, 2007.

  1. I had mentioned that butterflies and condors were negative vega strategies. If volatility unexpectedly increases after the fly or condor have been established, would it be wise to wait till the last few days of expiration? The reason is, despite the increasing volatility, time decay must ultimately annihilate all gains by increased volatility, interest rate change, etc. "All must come to dust (with time)." -- Shakespear.