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My last journal was experimenting with short VXX and hedging on spikes. This journal will also be short vola but mainly in options and hedging in the underlying and weeklies. I won't get into exact positions but I'll post realized/unrealized p/l from my IB window. Like everyone else I think...

I think this is the shadow inventory coming to the light.

emg would have a field day in this thread.

+1, my reply is based on real-time setting.

My charts and data have been fine recently on TOS. I distinctly remember it slowing down the days around flash crash 2010 (early May?) and when European debt headlines had escalated volatility in the markets for a few days in 2010 and 2011. Have a backup broker in case.

Thanks for the post. Hate to sound like a dumbass but I didn't even know about SMART Rebate :eek: :( . Time to explore that. I have no experience with MB Trading or eOption either, I'm just going by older threads I read. eOption would seem like a nobrainer, $8.00 for 50 contracts according...

RichardRimes, just curious which broker are you trading with? PM me please if you don't want to post it in the thread. There was a guy on here who switched from IB after a lengthy discussion about orders being held by Timberhill. I don't think he was referring to ES specifically but option...

I may have misread this elsewhere but you can't be filled at ES midpoint (option spread, say a 1 point spread) unless you are crossed with a customer at IB???? ES has great commissions benefits but trying to get pricing closer to midpoint and thus execution speed (as compared to SPY) would eat...

Considering SPY is the most liquid and has the tightest spread, how much better can Interactive Brokers execution be compared with, say, MB Trading or eOption? At MB Trading it looks like I can cut commission in half with a 50 contract trade in SPY. eOption even more. That being said, there...

Woulda been a nice test if they got actual fills?

Hey Maverick, thanks for the quality posts. I have a question for you. Earlier you mentioned that you have to have big winners. From your experience at a firm, do the guys that had big winners do it with risk/reward ratio or leveraging up? Or a combination? i.e. When the opportunity is...

Meant to post from yesterday: Well we got some volatility the last two days but my hedge triggers weren't really going to set off until 14.80 VXX. Unrealized was evaporating so I bit the bullet and took profits. Realized +67. I'm working on some other option stuff that is more time based than...

Late Friday I doubled up risk reversal, doubled up on otm calls (bought 23 strike), doubled up on 'speculative' vxx long shares. Moving interval hedge levels lower, may get some triggered this week with Fed speak? Unrealized at +280. Today I realized, looking at the grand scheme of...

link?

unrealized at +188. Probably going to double size to a 4-lot.

Hi, I don't want to sound like that idiot emg but frankly I would suggest you plan on becoming a 'professional' trader, doing it on your own is like trying to be a doctor out of your bedroom. Go to college, study in a math/science field, apply for internships at the bulge bracket/middle...

Just curious, does the Ackman/Icahn/Soros story play into your view of a trading range of HLF?

Huge intraday move on the back of the Fed, mark to market +$107. Almost tempted to buy more VXX shares here, but I'll hold my breath.

Decided to switch back to my original idea of hedging at intervals, i.e. 75, 75, and then 50 shares, just to test hedging and whipsaw. Updated marks at 10 AM, unrealized p/l +$32.

In the screenshot you also see long 2 Oct 26 calls - that's my OTM fat tail risk hedge. There are also long 20 VXX shares, which are just a minor outright position, which I plan to take off on a good volatility spike.