I'm holding this Spread trade #2 for longer than expected...this was entered on 13/09/2013..its almost 2 weeks now.
Mainly because of market consolidation...though there are no returns from this spread so far, good thing is no loss too
I will wait patiently now events to fold..let us see what happens.
Patience is the key...I will just follow my system let the market do remaining things.
Looking at the IV on PUT & CALL...one surprising fact is that both are equal and around 32...usually CALL side it used to be around 23-25 max and put side higher than CALLS. Does that indicate a high volatality and huge break out from the range? We can only wait and watch...but once IV falls from current levels all options will lose their value.