Anyone looking at an AAPL reverse calendar, was looking at the $85's, little over $2 spread between Feb and Jan
closed YHOO with 60 cents profit. So far : 3 trades , 3 winners , 87c average profit per combo. Open positions : HTCH 30 Jan straddle (long) FFIV 55-60 Jan strangle (long)
when you say reverse calendar am i to assume you mean are selling the time spread... just asking...not trying to be a smart ass btw... i bought the jan aapl 72.5 / 90 iron condor (+50cents)...see if it works
Bought or sold? Long the wings, long theta, short vega, short gamma i.e. you want it to sit still and vols to collapse? If so, you must have sold the iron condor (for a credit). Otherwise, if you bought the IC, what was your reasoning/sentiment? Good luck either way. MoMoney.