new .. CMG .. position positive Vega expecting rising Volatility into the 4/17 Earnings Report . . . it can't lose . . a move in either direction .. and possibly no direction .. gives nice Profits! as long as Volatility rises over the next week . . . which "How can it not" going into the Earnings Report. PLUS .. it is a Calendar Spread in each direction (by 1-week) ... SO .. my Short options (-) lose value (increase Profits) each day that goes by anyway .. relative to Volatility. I recently discovered this technique and plan to take full advantage of it each week.
This cost me $500 per contract and could possibly yield $3,000 per contract should we get a full move to the strike price of one of my long options.
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