NVLS High RIsk High Reward A straddle on the NVLS August calls.. the 30 calls and you might sell the 30 puts.. or if you are a daredevil hold BOTH the 30 puts and 30 calls for August. (Use the profits on the NVLS play (july short/puts) to pick up some NVLS August calls.... but be careful Don't even try it if you don't have risk tolerance. I would not attempt this until NVLS bits down to 28.50 to 29 area. July 30's were already sold.