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  1. J

    VIX fly / spread journal

    looking at whats going on in the market today, i wouldn't say the general thesis of my strategy was that far off. i think the main problem was the actual prices that i executed on. i should have been more patient to wait for things to calm down before rushing in, but i will admit that in the...
  2. J

    VIX fly / spread journal

    thank you all for your feedback. my thought process was slightly different though, i was not expecting sustained panic, just sustained uncertainty. i've noticed that heading into events, spot generally inverts relative to the front month, even if it is only event driven vol bids which fade...
  3. J

    VIX fly / spread journal

    i took my biggest loss ytd today and figured i'd write about it here.. i had taken the position that if the debt ceiling was not resolved by today the inversion in the front would be much larger, similar to what existed last week. i initiated the position long oct / short nov in regular 1:1...
  4. J

    VIX fly / spread journal

    yeah.. after this recent move in vols and the corresponding margin hike, it really has shown me that i joined the party late, and now its over.. on to developing some new methods.
  5. J

    VIX fly / spread journal

    at the time, it meant "jan feb march" so calendary fly that was long the feb and short jan/mar
  6. J

    VIX fly / spread journal

    i didn't get the chance to post end of q3 YTD performance (final date of metrics are 9/30/2013). see attached. things have been going slower for me lately than earlier in the year, but going up is better than going down. my current MTM is a little higher than whats shown there, but...
  7. J

    VIX fly / spread journal

    some movement in the spreads today - i scalped a little bit in the front of the curve today, but nothing big and ended the day with no position there. additionally, i added a steepener position in the middle of the curve (dec/jan) at the level of 0.63. anybody else up to anything?
  8. J

    VIX fly / spread journal

    i got a nice sell in the front during kerry speech and closed it for small profit near the close, i also closed this long oct/nov from 0.71 at 0.68 for a small loss at the same time as i closed the front. net i only made a few cents, but in light of the market reaction to kerry i felt it better...
  9. J

    VIX fly / spread journal

    this ended up working ok. i closed it after taking losses to 1.6, but sold again 1.83 and closed it out at 1.35. i missed out on a lot of the move, but still earned something. right now i bot oct/nov spread at 0.71 mid day today. not the best level, any opinions? what do others have (if...
  10. J

    2013 medical marijuana stock thread

    To avoid being non-compliant I wont name tickers, but looking into some of these they are not businesses to be owned. Some of the companies are using their eq offering as a way to cash out on hype around medicinal mj. One company has had ~700k in revenue with 500k operating expenses and is...
  11. J

    VIX fly / spread journal

    sold 1.45. hop on again!
  12. J

    VIX fly / spread journal

    i closed it at 1.34.. not much, but given the amount the markets been moving and the position i was in i will take it. does anyone know, has there been a change in spread trading volume since the margin hike vs before the margin hike? what about spread trading volume as a % of volume for...
  13. J

    happy FB 0.01 Call buyer

    i see ~1223 OI as of yesterday. i also see that 489 options traded yesterday, but definitely not a 500 lot, and absolutely nothing at .01. the biggest trade was 244. after that the largest trade was 50. this is all in the aug 33 strike call
  14. J

    VIX fly / spread journal

    sold 1.4 on the aug/sep spread. join in guys!
  15. J

    No volatility crunch?

    this is the 100% best explanation you are going to get for your pnl.
  16. J

    bbg vol-forum

    whats your memb #? PM me?
  17. J

    bbg vol-forum

    hah - i am in there.
  18. J

    No volatility crunch?

    you need to read up on options more. you need to understand greeks and you need to understand how time effects the price as well as what the price should look like with no time to maturity, and why
  19. J

    VIX fly / spread journal

    anyone doing much here? i'm just hanging out waiting.
  20. J

    VIX fly / spread journal

    out again 1.47 ... probably just a few minutes before it runs to 1.38 again :D
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