$ORCL VERTICAL 250912 CALL 295.0/CALL 270.0$
Closing the call side of the ORCL iron condor earnings trade.
Will just take the 'L' on this trade as I don't want to roll it out and have to baby another position.
Learned an expensive lesson from this trade. [Spurting]
Fortunately, I learned something interesting about options convexity from this position.
Moving forward for earnings trades, will treat them as what it is, just a bet. [What]
Will be exploring cheap ways to exploit options convexity for future earnings trades.
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