Several private boaters I've spoken with in recent days have mentioned super action with false albacore at Montauk Point. A few have also noted solid catches of albies at Gardiners Island and Plum Island. The action has been on any moving water, but best between 7:00 a.m. and 9:00 a.m.
Some of the false albacore caught and released have been quite large, with many in the 7- to 8-pound class and at least a few topping 10 pounds. As you might expect, Deadly Dicks, small, white, soft-plastic grubs and bright white or silver streamer patterns have accounted for much of the action.
One tip: It can be difficult to chase the schools and get in an advantageous casting position without putting down surfacing fish. In the long run, it's often best to cut your engine, take a good look around, and identify the major lanes that pods of false albacore are using (often you can see these slicks on the surface). Get in one of the lanes and drift or idle, nudging the engine into gear just enough to stay in the lane. Give it a few minutes and you'll soon have the the fish swimming toward your boat without sounding.
Keep in mind, too, that a little courtesy between skippers can go a long way toward keeping everyone sane in the midst of all the surface mayhem. There's plenty of water on the East End, no need to crowd.