It's root time neutral, but intraday. I will post the closing price but I can't post the structure here. It's a complex structure in calls, but it can be traded as puts or a combo. It happens to have filled as a cs-complex order.
7% yesterday. 4.5% today. Bought the ATM pfly and long futures, neutral when traded. Skews were just stupid yesterday (which paid, today).
Yeah, I had a feeling you wouldn't risk the overnight play but if you were, I wanted to see how a master sets one up for a crapshot like this one. Ok thnx.
You can go long vega (I am; long 4500 vega) but that doesn't tell you anything about the structure. Iwon't carry it through the number with that figure as the vols will drop to the mid 50s for Sep.
If you want to trade a cheap flier that is within the likely upside on a decent beat (datacenter figure) then buy the 130-140 fly for Aug here. It's 0.44 mid. I have it as well as the 132-140 fly from 0.29 (both as sym-strikes).
Thanks @poopy I had forgotten that NVDA earnings are tonight, which obviously removes the rationale for that trade.
fascinating discussion, though it mostly feels like me nodding along as others talk to each other in a foreign language