Adam's Vol Edge Trading Journal

[Doobs789]

I'm going to sit tight here. Not adding anything today.

 

[Doobs789]

Trade 2-

Long the SPX Jan31/Feb07 3325/3360 Call Diagonal from -0.25 cr

 

[Doobs789]

Trade 2-

Long the SPX Jan31/Feb07 3325/3360 Call Diagonal from -0.25 cr
View attachment 217915

Looking good here. 0.40 debit now. Looking for about 1.25 fairval. It’s a 20-lot btw.

 

[Doobs789]

Good morning. I am looking to fade residual AAPL vol right at the open. I will try for the atm 121 irons. I'll post order tickets, if I get filled.

 

[Doobs789]

Good morning. I am looking to fade residual AAPL vol right at the open. I will try for the atm 121 irons. I'll post order tickets, if I get filled.

Trades 3-4:

Ok. Here's what I brought back;

10-lot AAPL Jan31 310/325/340 121 iron fly from 7.65 risk (7.35 risk)

6-lot AAPL Jan31 315/325/340 352 iron fly from 6.82 risk (16.36 cr) (really a 3-lot)

*prices in picture are not fill prices, I took screenshot right after

 

[Doobs789]

Trades 3-4:

Ok. Here's what I brought back;

10-lot AAPL Jan31 310/325/340 121 iron fly from 7.65 risk (7.35 risk)
View attachment 217995
6-lot AAPL Jan31 315/325/340 352 iron fly from 6.82 risk (16.36 cr) (really a 3-lot)
View attachment 217996
*prices in picture are not fill prices, I took screenshot right after

Sold 250 AAPL shares @ 323.42

 

[Doobs789]

Trade 2-

Long the SPX Jan31/Feb07 3325/3360 Call Diagonal from -0.25 cr
View attachment 217915

Trade 2-

Long the SPX Jan31/Feb07 3325/3360 Call Diagonal from -0.25 cr
View attachment 217915

I am out of Trade 2, the SPX diagonal, at 1.00 debit. Which was my “conservative” fair value target. So...
PnL = 1.00-(-.25)*20*100= +$2,500

*Edited to add order ticket

 

[Doobs789]

Sold 250 AAPL shares @ 323.42

Adding the shares hedge was impulsive. I had closed the SPX diagonal, so was concerned I had nothing to offset. The AAPL trade(s) are just a bet on 325, cleaning any vol-scraps off the bone. Nevertheless, the journal is off to a good start.

 

[traider]

Adding the shares hedge was impulsive. I had closed the SPX diagonal, so was concerned I had nothing to offset. The AAPL trade(s) are just a bet on 325, cleaning any vol-scraps off the bone. Nevertheless, the journal is off to a good start.

Surprised you bet on pinning apple when there is FOMC tonight. I feel you could have waited till after the meeting.

 

[Doobs789]

Surprised you bet on pinning apple when there is FOMC tonight. I feel you could have waited till after the meeting.

Well, you would've thought wrong then. Straddle has been decaying consistently. In any case, regardless of what the Fed does, I doubt AAPL vols will trade anywhere near where they did at the open. Conversely, I still can close the trades prior to 2:00 est. So stay tuned, I guess...