InvestorsHub Logo
Followers 101
Posts 15344
Boards Moderated 3
Alias Born 12/06/2008

Re: TraderRich post# 12351

Thursday, 05/20/2010 4:14:50 PM

Thursday, May 20, 2010 4:14:50 PM

Post# of 14996
Especially the pop in volatility. I wasn't actually in FAZ today, I was in June 15 calls, so I got a two-fer. You always sell volatility. Those calls will decrease in value overnight, unless FAZ gaps up significantly by the open tomorrow. And counting on that would be a gamble.