Volatility Arbitrage (ARB)

[dr_praeses]

Hey TT,

So far my Q position is as follows:


So my other 2 contracts expire in 43 minutes & they're already trading at parity. So basically I'm long 200+ Q shares & trying to get out safely. I have just been fading this downside action trying to get the other side of the action, as is my typical habit, and trying to continually fight to keep my cost low. I will add Q calls as I can; had another order in today for a Jan 08 52c @ .65 got no fill. I was hoping for the year end window dressing to make the yr look good...doesn't look so hopeful now but maybe we can get some back into the new year..we'll see. Overall I'm not a big bull, rather neutral on this market. I try to play both sides fairly equally.

GLTY! and thanks.