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Good play sir. I'll probably keep it around. It should continue to work, albeit slowly. On to the next one.

Short Nq as a hedge as I we might open lower.

Are you still in the Nov and Feb positions?

Multiply that delta value by 100 to get the position delta. A low enough delta doesn't need to be hedged that tightly. It's probably futile, as it's pretty difficult to dynamically hedge with a smaller account due to transaction costs, etc.

It was probably an accurate report. I guess RR Donnelley acidentally released a draft early.

Yeah that little stunt just killed me. Not a great time to be short gamma. Looks like it's halted now

wtf just happened to goog?

I'm short deltas in a RUT calendar. Also short ES.

"Options, Futures, and Other Derivatives" is the one to study. Covers a lot, a prerequisite to other more specific sources. "Fundamental's..." is sort of a primer for the main book. Covers some of it, but excludes the math.

Damn thing is at 3.30 now.

Coming along nicely. In the 40/50/60 fly at 2.70 risk. Filled in the irons.

Nope wasn't me. But I did just dump it 5.50 when the shares were around 651.

Uncomfortable being short D here. But it does seem a little overextended. EDIT: A little better now that it closed under 650. Looking for a touch of 645 tomorrow.

Cool. I'm in a Dec 100-wide 760 GOOG fly from last week, fwiw.

Gotcha. But why not trade Dec? Vol should come in after report, albeit not as much. And you're not exposed to as much price risk.

Why this? Nov vol should move higher from here, no?

A lot of buyers, might break through 650. But at least that ceiling has held so far.

Yeah I'm in it. Damn thing won't come in, might need to bail here.

you still in the Oct 630/645/660?

Up 0.50 so far.