NSM and the volatility play closed, Oct/24/2012

I got in NSM seeing exceptionally high volatility in the last 2-3 weeks. Got the upper legs first, then got the lower legs when I thought it was climbing higher. After a scary dip today, I saw the crush in volatility and thought this was the right time to exit the trade. Closed first trade for 10c, then the second trade for $1. Overall almost 92% profit in the first trade, and approx 16% profit in the second. 

NSM daily chart showing Volatility crash (light blue line)

   

Trades: 
Sell 1X $40 Nov call
Buy 1X $45 Nov call 
(Got a credit of $1.25)

 Sell 1X $30 Nov put
Buy 1X $25 Nov put 
(Got a credit of $1.2)

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