atticus' "ship it" vol trading journal

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Quote from Doobs789:

yeah got rid of it below 702 in the shares. I'm also bearish, we might have left some money on the table, but as you said; hit singles.

What's the SPX play? A journal trade, or are you committed in MA?

I had a SEP28 20/50/80 Fly on which I sold into the nascent rally. 1450 might be a little aggressive here.
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I am flat vol to 1450 on paper. It's a bunch of flies and 1:1 calendars. MA is the journal trade.
 
Quote from Daal:

Totally unrelated but atticus are you trading QCOR vol in any way?
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Vol is up 112%. Free money. I'd love to be short gamma in a stock like that.
 
Quote from atticus:

I am flat vol to 1450 on paper. It's a bunch of flies and 1:1 calendars. MA is the journal trade.
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SPX Oct 1400/1450/1500 Fly, teamed up with some 1450 calendars, 2:3 ratio, low net vegas

AAPL 6.45 now, I kind of want it back.
 
Oct 25/35/45 fly for 3.00 or better. Not to only reco flies, but you have no choice here. Too much overhead so 35 should contain it, and the fly will remain bid down to 25-26.

A virtual vol-lock here with the fly. 2.75 mid on the calls.
 
Quote from Doobs789:

SPX Oct 1400/1450/1500 Fly, teamed up with some 1450 calendars, 2:3 ratio, low net vegas

AAPL 6.45 now, I kind of want it back.
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You F, you talked me out of that! ;) Honestly though, the 250k invested in the teeny call write was a dumb allocation, so I spread it off against the 720s for 0.26 and closed share hedge at a gain of $2.

So I am short the 15/20 call spread from 1.65 and a gain of $2 on stock.
 
Quote from atticus:

Oct 25/35/45 fly for 3.00 or better. Not to only reco flies, but you have no choice here. Too much overhead so 35 should contain it, and the fly will remain bid down to 25-26.

A virtual vol-lock here with the fly. 2.75 mid on the calls.
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Could you translate this for the non-options traders?
 
Quote from Daal:

Could you translate this for the non-options traders?
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I think you trade with IBTWS right?

QCOR -> stock

Then quote the fly:

QCOR -> combinations -> option combos -> ("strategy" template) -> butterfly -> calls -> start with 25 strike in first box. 35 in middle, last box will populate with 45C.

You buy the call fly by clicking the offer and entering limit price. Go a dime or 0.15 above mid.

2cz1uko.png
 
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