Ah, sorry, I was looking in the current month only, instead of Dec... Btw, Call strike 50 of June has a volume of more than 5000 today!...
http://finance.yahoo.com/m/33d93690-622d-3f6b-875b-8715985a2cfa/ss_outdoor-giant-bass-pro-to.html http://stockcharts.com/h-sc/ui?s=CAB We got a $170 credit for the whole condor and will now need to pay $320 to close the trade. Thus our loss will be 320-170 = $150. This is the risk of doing these trades. To put it in perspective I am carrying $3800 in unrealized gains in the portfolio that will expire contemporaneously in Dec. So this hurts but is not crippling. This is what makes this strategy a strategy with a normal expectancy of about 15% annualized instead of a get rich quick scheme. This also points out to me the need to keep searching for new, high expectancy trades to compensate for the occasional clunker...gotta run in front of that steamroller.