Volatility Arbitrage (ARB)

[dr_praeses]

JOSB ~ was trying to sell the strangle for a scratch and no go, then tried to hedge deltas back to neutral w/ a purchase of another Oct 25p and no fill. So now I sit and wait on JOSB w/ a 25 delta and 11 gamma.

I need the stock to go up.

That or let them not report until tomorrow after the close, and give me another day to try to exit.

I shoulda looked @ the option volume...it's too low...especially in the Oct expiration...