atticus' "ship it" vol trading journal

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Quote from atticus:

I know enough not to gloat or demand money from my bookie when I intended on making a wager but somehow, for whatever obscure reason, failed to pull the trigger.

If you want me to pat you on the back for the 550 call, I cannot. It's almost painful to see someone with conviction fail to capitalize.
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thats fair enough, like i said i dont go short. me going short is going from 200% long to 100% cash. that's the closest i get to going short.

i am not trying to pick fights, i will crawl back into my hole and only post in my journal from now on.

sorry again.
 
Quote from Took2Summit:

thats fair enough, like i said i dont go short. me going short is going from 200% long to 100% cash. that's the closest i get to going short.

i am not trying to pick fights, i will crawl back into my hole and only post in my journal from now on.

sorry again.
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No worries, but I think you misunderstand.

I would be fine with losing the bet. I'd rather be wrong and lose then be right and fail to capitalize. I am not remotely angry about the 550 call. I am a literal-type and take considerable issue with how circled around the bet. Since there is no bet the outcome for me was irrelevant.

I bet a guy on here $10k that FB would not touch 15.33 (by close of Nov 13). I spent $800 replicating the bet in listed vol and made $6k. The guy is a degen and disappeared after using the same nick on here for 11 years. I take these wagers seriously as I derive income from prop bets.
 
Quote from atticus:

No worries, but I think you misunderstand.

I would be fine with losing the bet. I'd rather be wrong and lose then be right and fail to capitalize. I am not remotely angry about the 550 call. I am a literal-type and take considerable issue with how circled around the bet. Since there is no bet the outcome for me was irrelevant.

I bet a guy on here $10k that FB would not touch 15.33 (by close of Nov 13). I spent $800 replicating the bet in listed vol and made $6k. The guy is a degen and disappeared after using the same nick on here for 11 years. I take these wagers seriously as I derive income from prop bets.
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ya that sucks, but i honestly dont feel like i avoided necesarrily, i made an alternative option that i feel like was never really responded to, i didn't push it, and it fizzled out. you are right and in my mind i am also right. but its all a moot point as you've said. the ONLY reason i came and said anything is because you instantly attacked me when i posted my 550 call on the other thread and called me the "perfect fade".
 
Quote from atticus:

No worries, but I think you misunderstand.

I would be fine with losing the bet. I'd rather be wrong and lose then be right and fail to capitalize. I am not remotely angry about the 550 call. I am a literal-type and take considerable issue with how circled around the bet. Since there is no bet the outcome for me was irrelevant.

I bet a guy on here $10k that FB would not touch 15.33 (by close of Nov 13). I spent $800 replicating the bet in listed vol and made $6k. The guy is a degen and disappeared after using the same nick on here for 11 years. I take these wagers seriously as I derive income from prop bets.
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Replicating bets sound like the best way to express side bets with people. ie my credit spread I pussyed out on...
 
I am going to change the format of the journal. I don't like risking $45k on each bet w/o any possibility of hedging, and I find myself devoting an inordinate amount of time working a small account for a journal.

I will outline all trades in my single-name account once I take the loss on GOOG. All trade sizing will be expressed as units (1-100) and any variation margin will be stated as units in initial margin.

My single-name account is approx. 40% of my book.

I'll reset the account to 0.00%, but will mark the "ship it" closing % to the new journal trades.

I'll link to this thread when I open the new journal.
 
Quote from atticus:

I am going to change the format of the journal. I don't like risking $45k on each bet w/o any possibility of hedging, and I find myself devoting an inordinate amount of time working a small account for a journal.

I will outline all trades in my single-name account once I take the loss on GOOG. All trade sizing will be expressed as units (1-100) and any variation margin will be stated as units in initial margin.

My single-name account is approx. 40% of my book.

I'll reset the account to 0.00%, but will mark the "ship it" closing % to the new journal trades.

I'll link to this thread when I open the new journal.
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whats single name referring to?
 
Quote from atticus:

Bought the GOOG Nov16 650/675/700 fly at 10.60 risk (45 mid). All in. Performance to date: +28.7%.
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I have GOOG 680 nov jan calendar like .75 to 1. Was short some gamma. Initiated a few days ago when GOOG was last at 680. What a disaster!
 
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