### Comment:
I did a quick calculation using what he might have picked: 
  
 Sell 1 FB 207.5 Put 7/27   
 Sell 1 FB 227.5 Call 7/27   
 Buy 2 FB 217.5 Put 8/10   
 Buy 2 FB 217.5 Call 8/10   
    
 Total profit was 5053 on a 2268 investment 
  
 Not bad, but of course the profit has nothing to do with reduced IV lol 


### REPLY:
I really wanted him to explain it better, or Link a source, but he wouldn’t and it’s gone now. 
  
 Hell one website actually said this type of strategy works better when you expect IV to rise on the later options, which as they’re long that makes sense as they get more valuable, so I dunno.

### END.