Adam's Vol Edge Trading Journal

Hi all. Let's start back up again...

AAPL Apr17/Apr24 280/287.5 Call Diagonal for -0.06 credit
AAPL Diag.JPG
 
There seems to be a certain delta symmetry to the short premiums to your iron flys as in (Abs delta short call plus abs delta short put equals 1.00). Of course, the net delta varies in the short option part of your IC, but I was wondering what your thought process was behind structuring your iron condors this way.
 
BeautifulStranger said:
There seems to be a certain delta symmetry to the short premiums to your iron flys as in (Abs delta short call plus abs delta short put equals 1.00). Of course, the net delta varies in the short option part of your IC, but I was wondering what your thought process was behind structuring your iron condors this way.
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You’re reading too much into it.
 
AMZN Apr17 2025/2100/2250 231 Iron Fly from 69.50 risk (80.50 credit)

AMZN 2100.JPG

I bought 5 shares of stock per fly from 2130. I have 2 flies, so long 10 shares.

AMZN Trade.JPG


I will probably play this one pretty tight. I think the trade has decent edge, but I am not that comfortable being short AMZN. Famous last words...
 
Doobs789 said:
AMZN Apr17 2025/2100/2250 231 Iron Fly from 69.50 risk (80.50 credit)

View attachment 224835
I bought 5 shares of stock per fly from 2130. I have 2 flies, so long 10 shares.

View attachment 224836

I will probably play this one pretty tight. I think the trade has decent edge, but I am not that comfortable being short AMZN. Famous last words...
More...

Good stuff. I like getting short vol after the rip, and since AMZN should probably slow down as it reaches ATH. Went with an IC. Miss chatting with you Doobs!
 
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