Aug2. 95 vol-line. Beta/sector reporting. Vols will drop even with the boost to the line as we approach exp (vol as synth-time). MSFT and META. Hard to predict but I'd think we will see mid 80 vols in Aug2 tomorrow. ofc these are all gamma so you would need to see 110 vols x-sectionally (static Px and time). If these were two weeks out you would see it drop 15 on the vol-line.
IOW, if you were running the synthetic straddle you'd be paying >$7 premium which I'd advise against. Not that it won't pay out but you'll probably miss the gamma-trade dot shots (pre-mkt).
It's relative. Depending on how long you want to hold them. They went up to $4.25 shortly after I wrote that. If one doesn't want to go for a grand slam, and you see a reversal like that, just grab a quick 10% return. There's 3 very volatile days left this week too, and nvda could easily go above $112 for a 100% plus return.