atticus' "ship it" vol trading journal

Doobs789 · Nov 6, 2012

Quote from atticus:

My largest single name position is in the 685 now. Irons in the main account and puts in the journal account.

I'm in both the 585 and 590, albeit the 585 is a larger position. I kind of want to add to it again here.

Also in the SPX 00/30/60 Nov09 Fly (irons)

Doobs789 · Nov 6, 2012

Quote from Doobs789:

I'm in both the 585 and 590, albeit the 585 is a larger position. I kind of want to add to it again here.

Also in the SPX 00/30/60 Nov09 Fly (irons)

Closing half of the SPX fly at 11.25 (in at 10.45)

atticus · Nov 6, 2012

I am short the 3x1 Dec PF at the 1375 strike. 2*ATM combo is 120 mid. The PF credit is 110.00. Risk to strike at a flat surface is $10.00. Risk to rise in strip, but gains from contamination. A decent kink. Futures at 1426 here.

Not a journal trade.

atticus · Nov 6, 2012

Out of the Dec fly at 6.10. Performance to date: 40.0% gain.

In the 565/585/605 from 5.70 calls. This is the Nov 16 monthly. Balls deep.

newwurldmn · Nov 6, 2012

Quote from atticus:

Out of the Dec fly at 6.10. Performance to date: 40.0% gain.

In the 565/585/605 from 5.70 calls. This is the Nov 16 monthly. Balls deep.

Do you compound the gains/losses? So if you are up 20%, the next trade is 1.2x the first trade?

Doobs789 · Nov 6, 2012

Quote from Doobs789:

Closing half of the SPX fly at 11.25 (in at 10.45)

Closed the rest at 11.45.

Source of funds for Nov09 1410/1435/1460 for 8.00 (calls), half the size though

atticus · Nov 6, 2012

Quote from newwurldmn:

Do you compound the gains/losses? So if you are up 20%, the next trade is 1.2x the first trade?

Yeah, compounded. I use all available capital, up to practical limits (excluding fractional, obviously).

Doobs789 · Nov 6, 2012

Quote from atticus:

Yeah, compounded. I use all available capital, up to practical limits (excluding fractional, obviously).

Hey, 40% in two months, I'll take that. Nice trading sir.

kapw7 · Nov 6, 2012

Quote from atticus:

I am short the 3x1 Dec PF at the 1375 strike.

Are you naked short on this? maybe part of a dispersion trade?

atticus · Nov 6, 2012

Quote from kapw7:

Are you naked short on this? maybe part of a dispersion trade?

I run the dispersion in naked in OTM ES puts and ITM single-name calls. This is just a play on distribution that I don't like very much right now. I will cover it if we're under 1405 tomorrow.