Long gamma scalping

exactly

 

I think we will see sharp collapse in equity vols today/beginnig of the next week. With theta entering its steepest curve longs better pray for big moves in stocks. Even vols on some reporting co are very very high . AIG (next week) at 50??? WTF

 

and down volty goes...AIG lost 1500bp in the last few days...even before reporting

 

Its early and I would think about hitting the middle vols on the call side of the SPX... lookin at how fat the 1520's are compared the whats out there.