Last night TripleSigma, over on OptionsVista.com, made the point that the volatility crush we have seen may soon be coming to an end. No question that it's been extreme and elongated... and of course, who really knows if it will turn around, but statistically we ought to see some reversion to the mean before too long. The RVX chart you see here shows the stong down trend in implied volatility and how far away from the moving average it is... time for a reversal.With that in mind, I 
opened up another triple calendar for Aug/Sep. I have the 490/520/550 strikes with twice as may spreads in the center. My plan is to adjust if I should hit one of the outer strikes, or slip away with a 15% profit. If I.V. will just flatten out a bit we should have a nice trade here.
opened up another triple calendar for Aug/Sep. I have the 490/520/550 strikes with twice as may spreads in the center. My plan is to adjust if I should hit one of the outer strikes, or slip away with a 15% profit. If I.V. will just flatten out a bit we should have a nice trade here.Good Trading...
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