Don't blink, this is moving a point a second. Rev projection sucks; this thing won't revisit the highs.
Last quotes I just check just showed a b/a of $127 so it seems to be back where it was but I do not trust that number.
Oh ok, well with the IV collapse I should still see a few points in the straddle, the IV was 104% when I put on the trade and the next month was in the 70s I think.
The stock closed the day-session at $127.25x26 -- many vendors use the NYSE close to denote daily change. You're good down to $111 or so. I do expect some downgrades based upon forward revs.
Optioncoach, Boy, what a wild AH move-- near 25% move in under an hour. I have strong feeling you're gonna be just fine and ISRG will most likely trade in the low to mid 120's before noon tomorrow. Nice play and best of luck.
Why? LOL Feb $130 Straddle sold @ $21.70 IV ~104% Using option calculator: Assuming S = $117 and IV = 80% Straddle = $19.30 Assuming S = $117 and IV = 70% Straddle = $17.65 Assuming S = $110 and IV = 80% Straddle = $22.30 Assuming S = $120 and IV = 80% Straddle = $18.00 So lots of different scenarios. MAR is trading at 70% so if IV crashes it might go to 80 or hopefully close to MAR vols but with drop in price I expect it to stay somewhat higher.