Goog collapsed. Got lucky. Am long gamma and hedged my delta at 756ish. Unfortuntely, i was hedging most of the rally up as well.
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atticus' "ship it" vol trading journal
- Thread starter atticus
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Goog collapsed. Got lucky. Am long gamma and hedged my delta at 756ish. Unfortuntely, i was hedging most of the rally up as well.
Got screwed on Goog. Had to sell in the high 14's. Did it fall fast or what.
I got into the Goog weekly, Oct calendar 760 line. callspread for 15.7
It didn't change much throughout the day (at least according to this thread).
Three vols and I think earnings are in Oct maturity..
I miss trading full time.
It didn't change much throughout the day (at least according to this thread).
Three vols and I think earnings are in Oct maturity..
I miss trading full time.
Quote from atticus:
The front month calendar within the report is again in the $5-6 range for ATMs. Not a journal trade, but the Oct/Nov 750 cal is a good bet on the binary. There is no vol-risk in the trade, pure distribution (priced in gamma). I've got some on at 5.60 to the buy, but small as a result of the binary, not a journal trade.
Are you in Atty ?
Too early for this trade imo. I will wait for reporting weekly/NOV to enter
Any journal updates? I know it may be kind of tough here with the nascent move in vol.
That AAPL Oct/Nov IV spread has now narrowed to under 200 bp. So I guess it's a wait and see type thing. I think it will probably drift to 675 by week's end. Maybe a Sep/Oct calendar would work if they don't announce when the report is this week.
I still think there may be opportunities in MA, as it seems to want to hang around the 445/450 strike.
I can't get a read on GOOG, but your 750 calendars are looking good here.
That AAPL Oct/Nov IV spread has now narrowed to under 200 bp. So I guess it's a wait and see type thing. I think it will probably drift to 675 by week's end. Maybe a Sep/Oct calendar would work if they don't announce when the report is this week.
I still think there may be opportunities in MA, as it seems to want to hang around the 445/450 strike.
I can't get a read on GOOG, but your 750 calendars are looking good here.
Quote from Doobs789:
Any journal updates? I know it may be kind of tough here with the nascent move in vol.
That AAPL Oct/Nov IV spread has now narrowed to under 200 bp. So I guess it's a wait and see type thing. I think it will probably drift to 675 by week's end. Maybe a Sep/Oct calendar would work if they don't announce when the report is this week.
I still think there may be opportunities in MA, as it seems to want to hang around the 445/450 strike.
I can't get a read on GOOG, but your 750 calendars are looking good here.
I am looking this morning, but may wait until the close. It's too late to sell vol in MA-Oct, and I hold that position (450 neutral) in other accounts.
Quote from atticus:
I am looking this morning, but may wait until the close. It's too late to sell vol in MA-Oct, and I hold that position (450 neutral) in other accounts.
Yeah probably too late. I closed my MA position, as I was neutral to 455. Do you still like those GOOG 750 cals? I guess we'll see where the stock is in a few hours.
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