babutime ...... Your PCLN 725/785/845 "fly" concept was good with the strikes $60.00 apart, only flaw was that it was OTM. My advice, based on your original idea was to move a leg ITM and try the 665/725/785. I believe Atticus convinced you to go with the 700/750/800 with strikes $50.00 apart instead. Below are the results of both trades. PCLN 665/725/785 fly. PCLN 700/750/800 fly.
Way to go posting results after the fact. 665? There was no 665 on the weeklies you goof. Not to mention, you never once suggested the 665 strike be chosen from next week's expiration. Now lets see some of your profit and losses? Should I remind you how you blew up with GMCR while I scored almost a 10 fold recently on GMCR? Oh, wait, it was simply in your watchlist- the only person who can covert positions from a watchlist and vice versa...
I posted within 20 minutes of your post. Which is very fast considering I had to first view your post then get the screen shots upload and organized. I never said there was. Both trades are May 19, take a look at the screen shots. Yes I did.
Sucks. I was going to work the 700Cs at 697, but then we rallied to 703 and the spread went 13.80 bid.
The May skew is still quite elevated compared to the rest. I wonder what they're implying here. I'm tempted to buy some May puts but just not sure...
Well there's a week left. I wouldn't imply too much other than it's grossly inflated, but the smile is v-shaped so you're not going to find a fly that looks good. The Jan13 730 straddle looks good to short at 176 mid.
So how did the PCLN 700/750/800 work out compared to the PCLN 665/725/785? One of them did significantly better than the other, would you like to guess which one?