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Thanks Oldnemesis. I just thought that the IV crush could compenstae for the short delta. But I was wrong. How to deal with the gap overnight.

thanks for answering neww. Actually I didn't check the delta/vega at inception, and can't seem to find it on the platform. I won't forget it again. Now it's -283 delta and +18 vega. The delta position has and probably had a directional risk, the vega not that big? By being in the opposite...

Hello everyone, I am new to volatility trading and have a question about a diagonal spread, if someone could help. Here is the trade: Opened the 24th March . instrument: Lulu. earnings the 27th BMO. Spot: 48.35 -10 april19 50 call 2.73 +10 May17 55call 1.51 The day of the...

Good day, I'd like to know the size position in fx spot I need to sell/buy as to be delta neutral: Let'say I am delta long 0.853 with a straddle EUU (eurusd 50 contracts call and 50 puts). Or delta long 0.855 on YUK (usdjpy). Thank you

in case nobody answered. fx options ISE, PHLX (listed options). symbol ISE: EUU, YUK....., PHLX: XDA, XDS, XDE.... these are options on fx spot not on fx futures.

ES_F update 4th add- on at1430.00 pull back as planned, next at 1460.00.

UsdJpy Updated with 6th add-on.

UsdJpy 83.00 barrier taken out. About the UsdJpy here. Added before the long awaited barrier attack, called on twitter real time. I will lock some add-ons when we cross 83.50.

UsdJpy mon amour act 2 Shinzo Abe looms, Fed gonna twist or something again and Japanese economy in an unavoidable need of a weaker yen. Being a swing global macro trader is knowing why the market is wrong but entering only when it starts understanding it. Here we can keep significant...

An interesting situation now on ES posted here . As you know I was planning to add some size around 1430.00 and 1460.00 but tomorrow we have the FOMC statement and this is prone to QE4 rumors and such. I’ll wait for Bernie speech, in hope to get a better price before adding and if it pops up...

Week 50 updates. Sorry didn’t post for awhile due to some sad events in the family. I am going to reduce my posting here to one or two posts a week until debut of January . Anyway here are some updates of the running trades: ES_F : Posted here. . Everything is on the chart, waiting...

EurUsd. Just to mention that I bought a risk reversal option strategy at 1.300. Expiry Feb15 . This has been done on Tuesday (before the current sell off), and it means that I am becoming bearish on the Euro. Next week I will consider building a core position on the spot targeting...

Sorry very busy week for me. Some updates on AUDUsd. As mentioned above, I locked the position for the 2 last add-ons after the 1.050 . The AudJpy leg still running from the initial pos. If the lock is not triggered I am going to keep these add ons during nfp, cos the Sandy storm discount...

The current positions. Target : Will lock just below 1.05 if it goes there.

A bit busy, didn't find time to study the market and post this week intentions. Just an update: The AudUsd is doing so far as expected in the last recap if the RBA were to cut its rate. Es_f the third add-on was filled.

Week 48 recap. Time for this week’s recap. The AUD Combo: All the 3 add-ons called real time here or on twitter are closed with +170p. The initial position at 84.50 is still running and is now at around +140p.AudJpy6 AudUsd long: still running at around +80 p. So, I am...

Remember this one. it's done. No need to keep it longer, heavy stuff.

Here is the update of the UsdJpy trade last mentioned here . I am posting this to point at my favorite intraday tactic, that is, the option barrier attack. A first attempt has been done last Friday and was rejected 10p before the level. This means that the barrier is well protected by the...

ES-F targeting the fiscal cliff deal. As mentioned in a previous post I am posting now my intentions about the SPX using the ES front month as a proxy. ES is a wild beast, working like a resonance chamber of current and near term market sentiment, amplifying and generating rumors, swinging...

EurChf remember that opportunistic heavy trade around the EurChf floor. Here it is. While SNB is speaking.