Yeah, I'd rather be long the vol and short gamma then be short both. I'll probably cut the fly off and get into the calendar if we have a couple of inside days.
You have to search first information about it before yous ell something. Tou can see Troll Thread to read more situations like yours.
Given that are clearly the worst options trader on this site, I'll take that as a compliment. AAPL needs to drop $33 tommorrow to go otm. According to my "stupidity", its unlikely to happen. Another "great" call from ForexForex !!!
This post still cracks me up !!! It helps illustrate the lack of knowledge some posters have on this site :
I converted my booster to callspreads. my position is the following +.5 mar 500 c +1 may 525 c -1.5 mar 525 c