### Comment:
I have 13x 200c jan and 5x 190x. At the same time i have 5x 182.5c 8/31 and 6x 180c 9/17 and 12 10/19 
  
  
 What would you say I should sell if i still should? Thanks a lot. Will get you some reddit gold.  
  
  
  
 One thing I’m confused about is that is IV attached to each option and its separate for an option i buy now vs a month or its constant and relevant to time?

### REPLY:
Do you have a directional bias? Looking at Facebooks price right now, those previous spreads were too bullish. Going short the 180c makes more sense if you want downside protection, but it will mean a bigger delta drop for you so you won't see much money until the option expires or you close it when it fell enough.  
  


### END.