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 Close short on XLF December 20, 2018 take profit on short GT December 19, 2018 Take profit on our short on US Utilities September 26, 2018