BOY do I hate "The __dirt__ volatility..." Positions on for May12 (2430/2355) are nickels and dimes now, but May26 has 2430 on top and 2310s on bottom, and the 2430s are right where I sold 'em. I believe that we will stair-step up again, much as we did when this thread started. Where to? 2430 (±5pts) Thusly, I'm a'shoppin'. Likely, I will start a "split/roll" where I move a topside position a strike or two north, and pay for it via moving a bottomside position similarly north (2350-ish). If I do it early enough (before Friday?) I can remain revenue neutral, not have to add any additional capital, and not get uncomfortably close. If I wait, I'll end up doing the same thing, but making up for less revenue by initiating farther-out positions earlier than I'd wish. I HATE low vol. It's like Mr. Market is aiming the pocket change 'e drops to land *right*under* the steamroller's drum.....
coming back to this thread 2 months later. I recall some exchanges I had at the start. cant help stupid lol.