With such a relatively short amount of time to June expiration would you be going with June of July options?
Might I inquire how all the passengers have fared during this latest patch of turbulence? It seems rather muted here lately. Good day.
Actually I was referring to some JUN b-flies that I already have. A few days ago when we reached 1280 I had an order in to buy back the bull put side of the b-fly. No takers, and I was disappointed to see that SPX dropped 20-points the following day. I still see resistance at 1280, and then again at 1290-ish. This time however, I don't think there will be a huge drop the next day, so the opportunity might have passed me by. On a different note, I've been saying 1245-1280 until June 14 for a while now. Just haven't decided if 2 weeks worth of theta is enough, given that there will likely be an increase in vols.
I do not think it has been muted at all. As for me, MAY and potentially JUN are my biggest months since last July 2005.
ehh, i am just chilling right now and playing with the ES, not looking to open any SPX positions until we hit 1295-1300 or 1245-1250. Which way we go at this point is a flip of a coin as far as i am concerned. I still have some june 127/129/131 SPY FLYs which i'd love to get $1 out of.