Notes: Plain Jane directionally neutral in the July cycle.
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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.
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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 ... .
I assume you are still okay on this? Since the put probably got nuked?
NaughtyPines
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@Apux, Yeah. It's dawdling around my short call strike, so just kind of waiting for extrinsic to decay out. I'm not fond of hanging out in broken earnings plays too long since the whole point of the play (volatility crush) has already happened, but sometimes you do what you gotta do.