oh thanks makes me feel much better now ! haha did you find that trade also or was it my tip off ;-) I best start looking for next months trades now !
sorry about it , Neil...No , this stock is in my universe ,this is not a first time I made money on CWTR
its this time of the year again... I lot of heavy hitters reporting next week , I have 17 ( lol ) long combo's positions so far. Closed SYNA with big profit on vols spike today. I will probably post a few RC candidates next week.
IFIN ---> RC possible candidate , maybe even long APR combo into potential after report move. Today , ac
IV, interested in knowing why you think this is a reverse calendar candidate when front month IV is a lot higher than back?
I don't think you can go by simple " lot higher" here. APR vols was at 65 with vega of 3.3 and MAY at 45 with 6.4 , so if tomorrow vols will collapse to low 30 , then APR will lose 1.05 BUT MAY will also lose 90-95 cents. Not exactly vega neutral , but not so bad r/r to take an almost "free" shot in after report price move (if at all) , this stock moved 20%+ many times , including last qtr. Anyway , I closed my long combos with big profit from IV spike and left only few overnight , so no RC for me here. In both cases the bet is definitely on the big ABS move.