Won't help much if vol drops and stock rallies a few handles. You're not neutral here. You should sell the atm combo if you're looking for a drop in vols.
MNX entered 170p calendar (feb/Jan) + 4 mnx NN ($4) - 4 mxn MN (3.10) -90 (obviously I believe we rally in late Dec/early Jan/sell-off mid-late January--- also large o/i @Jan 170 strike) sold 4 mnx AN (jan 170c) @ avg. 1.75 will look to sell 4 more @ 2.55 still + 12 mnx AX @.857 (which may roll out to Feb- then sell Jan 17250)
didn't fill Feb 55p -- no one wanted to sell FIVE to me when I was on bid. FIVE! In the 90s -- would have filled for sure! :eek: :eek: gonna look to fill same next week
HUM buying HUM Feb06 55p @ 2.10 PD closing 5 PD MF @ .60 selling 2 PD MH (jan 140p) @ 2.90 selling 3 PD AI (Jan 145c) @7.90