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Yeah, I put an order in for a 10-lot not too long after you. Not a chance getting filled. Oh well, still have the RUT 80/00/20 Fly from 5.75 from before. Not flat gamma though.

So you're just holding the condors now?

Looks good. Your previous condor in the weeklies should be fairing well also. * I have a May18 570/590/610 Fly from yesterday @ 4.6, right now about 5.80 mid

Out of the CRM straddle swap at a slight loss. Looking to add AAPL May18 570/590/610 Fly, under 5.00 mid Also, Es May18 1350/1380/1410 ~ 8.75 mid

I concur sir. Long RUT & Es (have a fly to 1365 neutral, looking like not enough now). Also long EUR fut calendar (bullish bias to 1.32). Probably carrying too many deltas currently, but whatever.

CRM part of straddle swap, short options go out this Friday, reports May 17. Will keep it pretty tight.

Long May18 RUT 780/800/820 Fly @ 5.75 Short May11 CRM 145/145 Straddle @ 5.10 *Did not get filled on /ES 1350 Collar earlier today, suffice to say I'm kicking myself

Very true, sir. High was 591.40 yesterday, good call. Might need a little help to get back over 570 in the next half hour. Why not hold onto them? We could see it come back a bit next week.

590 today is looking tough. A little bit of pain on those flies.

Yeah, I've got some similar plays on it. Covered GMCR @ 29.10. Not too bad for a punt.

Oh you know it. Trading with a 29 handle now, nuts.

Yeah I have a 48/50 strangle that I put on just for shits earlier, wish I had more now.

Just make sure that you have a defined strategy, with a discernible edge. Don't go picking trades on a whim. There are plenty of traders who make money solely trading indices, others with single names, and some that trade both. The key is to have a system that generates trades with positive...

I'd make sure you have a solid understanding of options before you start messing around with them. If not, your money will disappear pretty fast.

His method seems like a good approach to organize vol skew in a way that makes it easier to eyeball the data and price vol. It must be easier to do using IB. With TOS I find it hard to pull prices/vols for customized positions in one shot (of course with a floating ATM middle strike day to day).

Are you doing the calendar as well?

They'll have to figure out the hard way...I'm ok with eating their lunch though.

Yeah, Nuclear Phynance forums. A great resource for more quant stuff.

Yeah, it needs to simmer down a bit now.

Yeah, should be interesting to see where the ATM May vol is tomorrow. Your fly/strangle should look nice if it hangs around the 590 level.