To bad you didn't play the short straddle or butte
Post# of 128
To bad you didn't play the short straddle or butterfly like I suggested. The Jun 5 straddle would have been up 128% as of today had you opened it on 5/11/2012 (the date of your post).
The 4-5-6 Short butterfly would have been up 40% as of today.
IV dropped as expected on 5/23. There were better strategies to capture this anticipated move than what you employed.