atticus' "ship it" vol trading journal

jtrader33 · Sep 18, 2012

Quote from atticus:

I can't hedge it

Trading these in IRA account, so in the same boat. Here's hoping this sucker pins...

Doobs789 · Sep 18, 2012

Quote from atticus:

NBBO is almost 4-wide in this dogshit. Looks like it's going to be a binary at expiration. I can't hedge it (journal rules), but you guys can. I'd sell spot here at 452.78 bid. 20 per fly.

Can trim some deltas by adding to the Oct 450 Fly.

atticus · Sep 18, 2012

Quote from Doobs789:

Can trim some deltas by adding to the Oct 450 Fly.

Yeah, good call to convert to a 50/55 condor, at least partially, but I am pot committed per rules.

Doobs789 · Sep 18, 2012

Quote from atticus:

Sorry, I typo'd. I am in the 680-710 from 5.00. 4.87 mid currently.

I still like this one. Around 5.10 mid.

atticus · Sep 18, 2012

Quote from Doobs789:

I still like this one. Around 5.10 mid.

I think it's got a good chance of expiring within 3 of neutrality. Could be a home run. Think at the minimum it's a 50%er.

atticus · Sep 18, 2012

Quote from atticus:

NBBO is almost 4-wide in this dogshit. Looks like it's going to be a binary at expiration. I can't hedge it (journal rules), but you guys can. I'd sell spot here at 452.78 bid. 20 per fly.

It's tightened up. $4.02 mid.

Doobs789 · Sep 18, 2012

Quote from atticus:

I would add to this fly. Reporting in Nov cycle and vol simply too high for Oct. 29.30 mid (risk).

Looking to add to it here, around 29.75 risk.

Also looking at SPX SEP28 20/50/80 Fly at under 12.00

Doobs789 · Sep 18, 2012

Quote from Doobs789:

Looking to add to it here, around 29.75 risk.

Also looking at SPX SEP28 20/50/80 Fly at under 12.00

Scratched the SPX fly for now, don't want to risk a rally here.

Needing AAPL to come in.

cdcaveman · Sep 18, 2012

this whole apple thing is just nuts.. i know this apple iphone 5 crazy is totally legit... people are fucking high on apple products and the stock.. dude i could totally see this thing charge the entire market higher.. its nuts.. its like bull flagged and still got a good 30-50 percent leg up togo..

diaoptions · Sep 18, 2012

Quote from cdcaveman:

this whole apple thing is just nuts.. i know this apple iphone 5 crazy is totally legit... people are fucking high on apple products and the stock.. dude i could totally see this thing charge the entire market higher.. its nuts.. its like bull flagged and still got a good 30-50 percent leg up togo..

I think Iphone will boost AAPL way past 700.00. It has double the ram, updated Wi-Fi and the screen is 4" instead of 3 1/2".