today's observations/speculations/plans: 1. sold soon before FOMC for 3.11 (one fill was very close to FOMC, maybe a bit of Vol spike, no fills after FOMC) 2. at close the strangle is quoted 2.93/2.96 (easy money it seems) 3. the best price was actually in the morning 3.21 (i believe that's what i saw, there may have been better prices earlier when i was not looking at the strangle). i guess the possibility of a large move before FOMC contributed to that) 4. left short strangle until after Obama's speech. the hypothesis is that he won't move the market much, but IV will drop after Obama's uncertainty is removed.
Not yet... sure to come though. I did hear something about forgiving college loans though - just add it to the deficit and let the taxpayers cover it!