i am thinking of selling some 50 kbh oct calls. IV is high right now due to earnings, and with all the news out concerning suffering #s for home builders, I just can't imagine this a bad sale. any opinions? I really would like to sell the 45 calls, but I'm not sure I'm gutsy enough for such a close call. regardless, I am shorting the stock at the same time and just don't see how it and the rest of the homebuilders are holding up so well. After the fed meeting is done tommorow, I'm going to guess reality is going to hit all of the homebuilders and they'll sink 10%. The anticipation of sinking rates must be supporting these stocks - but when the announcement happens and people realize we're years away from a change of bias in housing (and quarter or half point drops in interest rates can't even fix this problem), I'm assuming they will sell off hard. Any concurrences or disagreements?