Adam's Vol Edge Trading Journal

[Doobs789]

Long 2-lot ESH20 from 3252 as partial hedge

Ugh. Had to close 1. This is why ad hoc hedging is dumb.

 

[jamesbp]

I am getting into a long-term short in TSLA here if we touch 770 again.

Sosnoff has some size in Tesla to sell you
... his biggest position ... and he's been short all the way up !

 

[Magic]

Ugh. Had to close 1. This is why ad hoc hedging is dumb.

Haha, I started to pick up too many long deltas Friday and unloaded some right at ES 3222 (~1245 cst). Uncanny how that seems to happen more often that not. Nature of the beast I suppose.

 

[traider]

Ugh. Had to close 1. This is why ad hoc hedging is dumb.

Isn't bleeding just part and parcel of dynamic hedging. If one can call direction with direction with accuracy then you won't even need options

 

[PoopyDeek]

Sosnoff has some size in Tesla to sell you
... his biggest position ... and he's been short all the way up !

Short cash from 772 average. No vol yet.

 

[PoopyDeek]

Short cash from 772 average. No vol yet.

I am going to convert to the synthetic combo tomorrow at the 700-strike in the March series.

 

[jamesbp]

I am going to convert to the synthetic combo tomorrow at the 700-strike in the March series.

Pros-Cons of Stock v Synth Combo ?

 

[Doobs789]

Pros-Cons of Stock v Synth Combo ?

Pro: collect premium while being short delta
Con: diminishing returns below 700

 

[jamesbp]

Pro: collect premium while being short delta
Con: diminishing returns below 700

I thought synth combo would be +700p / -700c
... in which case P/L similar to short stock

 

[traider]

Huge rebound in SPX, you shouldn't have sold the hedge.