Sure, but with all the edge out there you pay 800bp -edge on vol in May. A binary event in which vol will do nothing but go down.
I'm a trader, I trade price not earnings report. I'll take the trade off whenever the fuck I want to unwind. Sometimes I gamble on earnings reports. One time I bought a bunch of GOOG calls before earnings a couple years ago OTM options. 20k turned into about 225k. I gave it back over the following 6mo. Do you want me to post every trade ive ever made with every lot ive ever traded? Stop being a bitch, I made the trade who cares if it was for $2,500 or 25k or 250k. I guess size matters huh?
lol, yeah I would. The entertainment value alone is awesome. My guess is you'll cover before it gets to $605.
think you might be right... professional trader. says he's short half his account. it's a 5k account (unless you live in a village in india... and even then you would have to be a street child). doesn't specify upfront that he's shorting through puts...
oh. you are talking about the vol reset. thought you were referring to april/may vol spread. haven't modeled it up for post earnings.