There is no vol-line the guy would buy. The point is that you go DITM long and short the ATM leg bc you're (synth) long a put, long stock and short a call. If you're approaching D1 on the long (call) the only exposure to vol is the short call. He could automate it. Buy the 90/50D cs on ABC to XYZ. That will limit him to stuff inside 60-days.
Any intro text on vol would show you how wrong you are. Barefoot and stupid is no way to go through life, son.
In today's case, I bought the stock and sold the corresponding number of Calls against it. I do have some Long Spreads in RIOT, also. It's a mix, all laddered out. As each weekly expiration comes, I Leap Frog to the next available open date. My cost basis is in the mid single digits.
Your approach is not only lazy but wrong.. You don't need to know the strikes. He was assigned on his short calls...At least ask the right questions.. Poopy will now have to lead you from the path of darkness You are lost son
Knowing that he got assigned on short calls tells me nothing. If the calls were closer to expiration and more ATM, you could've still held on a bit to see if you can recover. Yes it's a risky move but still doable. But when it's so DITM then yeah the only option would be to exercise. You don't understand or agree with my approach that's fine. Don't attack somebody just because you don't agree with their ideas especially when you don't understand them. You won't win clients this way and you are actually better than this. And poopy? You mean your option idol desterio? LOL Yeah anyway he's on my Ignore list just like desterio. He chose his username well this time, really reflects who he really is. LOL So if he gets banned or suspended this time, next time he's going to have to come back as "sewer"? LOL Ok I will stop right now. I should try to be nice to people today, even somebody as horrible as your option idol. It's Thanksgiving. Wish him a "Happy Thanksgiving" for me. I will be going back to my path of darkness now...
RIOT is a cool call. Its business is MOBA games which is highly addictive (TRUST ME) so they should have good revenue as long as they have good contents and have reasonable fee system. The only thing I would do is add a long put once in a while to protect the downside a bit cuz just in case if it tanks because of an earning miss or whatever your short calls won't protect you much. Its business is not that diversified outside of the gaming sector so that's what I would do.