... for a 3.41 credit.
Notes: Plain Jane directionally neutral in the July cycle.
Notes: Plain Jane directionally neutral in the July cycle.
Trade active:
Rolled out to the August 21st 135/155 for a 6.43 credit; total credits collected of 9.84. Not as liquid as I would've liked, but wanted to roll pretty much immediately if it didn't work out before IV contracted further.
Trade active:
Out for 10.29 here, a small loser (.45/$45). Most of the volatility contraction has occurred already, so at this point I would be basically betting on the underlying sticking around these parts running through expiry, which wasn't the point of the original play (volatility contraction). More than glad to take a small loss when these volatility contraction plays don't work out immediately and move on ... .