Short vol, neutral price. Market is bound by the Osama print and may see 1300 in the next 30 days. Go long the June AAPL 300/345/390 call(or)put fly or short the iron for ~26 risk. Go on vacation and sell at 36 in a month. Realized vol and var will be well under implieds here.
atticus, that's a huge range on the fly. Did you pick this purely to short more vol? I am using last trade since it's off hours. Too drunk to verify but the numbers should be close: 10x 300/345/390 Call -Breakeven: $327 and $362 -Max loss: $27000 -Max gain: $17700 10x 325/345/365 Call -Breakeven: $331 and $358 -Max loss: $6700 -Max gain: $13000 Wouldnt the 325/345/365 be a better risk/reward in this case? thanks