### Comment:
IV Crush won't be so bad on these longer term calls. He only needs to achieve $193 before expiry to break even, which for $BABA, is probably pretty close to 50/50 barring any major setbacks. If it goes down tomorrow, he will be bag holding for awhile waiting for the recovery.

### REPLY:
That makes sense. But I’m still confused given that both the 1/18/19 and 09/21/18 contracts have similar IV?

### END.