Adding convexity in Nasdaq100 Nasdaq is back near to the top of its annual range and implied vol at the low (strangle July 7050 call – 6960 put at 14% Ivol), versus a realized vol around 20% Look like a great level to initiate cheap gamma exposure to Fang You Might Also Like Buy WTI crude oil November 9, 2018 close short on PANW November 15, 2018 we close BOX before its earnings release at 27 for a 8.5% return August 28, 2018