You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
atticus' "ship it" vol trading journal
- Thread starter atticus
- Start date
- Status
- Not open for further replies.
Quote from cdcaveman:
+ BOT 2 VIX NOV 20 '12 - (2) 18 + (1) 20 + (1) 14 Put Combo -0.25 USD SMART 14:34:08 OptTrader 9.27 null
400 margin req.. if vix blows up and closes above my short strike thats the worst it can hurt me.. thought this was a good way for me to go short nov vol...
can I ask what your thesis is? or do you just believe pricing is in your favor?
Quote from Jgills:
can I ask what your thesis is? or do you just believe pricing is in your favor?
my thesis is.. its a limited risk way to be short vol in the vix futures for nov.. time goes buy and vix doesn't jump up above 20 it puts good cards in my hand.. if vol spikes up to a billion its not game over.. its more about the limited risk and my view of what will happen.. i don't like being wrong and losing my ass ... if i'm short vol in the vix , and long vol in single names i get more neutral..
+BOT 1 GOOG OCT 26 '12 - (2) 665 + (1) 675 + (1) 650 Put Combo 1.05 USD SMART 15:59:42 OptTrader 2.17 null
Quote from cdcaveman:
my thesis is.. its a limited risk way to be short vol in the vix futures for nov.. time goes buy and vix doesn't jump up above 20 it puts good cards in my hand.. if vol spikes up to a billion its not game over.. its more about the limited risk and my view of what will happen.. i don't like being wrong and losing my ass ... if i'm short vol in the vix , and long vol in single names i get more neutral..
did you sell 2 18 puts and buy a 14 and 20? or am i reading it wrong?
I like split strike flys on the downside,but the butterflys above 110% of spot are really cheap...
5 point flys trading for under .50??
5 point flys trading for under .50??
Quote from cdcaveman:
+ BOT 2 VIX NOV 20 '12 - (2) 18 + (1) 20 + (1) 14 Put Combo -0.25 USD SMART 14:34:08 OptTrader 9.27 null
400 margin req.. if vix blows up and closes above my short strike thats the worst it can hurt me.. thought this was a good way for me to go short nov vol...
Quote from cdcaveman:
actually... i make money if vix stays above 15... basically if this rise in the vix comes back down.. i need to sell it before it gets below 16..
Why not just buy vix puts or outspread instead of the fly. 2 options instead of 4 and of we sell off which is your view, you can monetize immediately.
You might find the vix future at 16 tomorrow and you not up much money.
- Status
- Not open for further replies.