atticus' "ship it" vol trading journal

[atticus]

Up 17% to date, net of comms.

 

[johnshepherd59]

Managed to sell at 4.02.

 

[atticus]

Long to the limit of the account. Long the AAPL Oct 620/665/710 fly from 12.75 risk (12.60 mid). Looking for 15.00 by Monday's close. Do the put fly if your front end doesn't support irons.

 

[cdcaveman]

Quote from atticus:

Long to the limit of the account. Long the AAPL Oct 620/665/710 fly from 12.75 risk (12.60 mid). Looking for 15.00 by Monday's close. Do the put fly if your front end doesn't support irons.

why iron or put .. instead of call? downside bias?

+BOT 1AAPLOCT 19 '12 + 665 - (2)620 + 710 Put Butterfly 12.85 USD SMART 13:54:34 OptTrader 2.27 null

my 675 calender is working good....
short sept long oct... pre earnings month against earnings month play
in at 10.61

AAPL - SEP 21 '12 + OCT 19 '12 675 Put Calendar Spread 10.61 USD

 

[cdcaveman]

was thinking about a fly on BIDU..

BIDU OCT 19 '12 + 90 - (2)110 + 130 Call Butterfly 10.35

 

[cdcaveman]

Quote from cdcaveman:

was thinking about a fly on BIDU..

BIDU OCT 19 '12 + 90 - (2)110 + 130 Call Butterfly 10.35

seems like its slowly going dead... worried a little about a break out down etc..

seems like there isn't much juice left in these flys

 

[atticus]

Quote from cdcaveman:

why iron or put .. instead of call? downside bias?

+BOT 1AAPLOCT 19 '12 + 665 - (2)620 + 710 Put Butterfly 12.85 USD SMART 13:54:34 OptTrader 2.27 null

my 675 calender is working good....
short sept long oct... pre earnings month against earnings month play
in at 10.61

AAPL - SEP 21 '12 + OCT 19 '12 675 Put Calendar Spread 10.61 USD

no no no. They're all equivalent, but I assume it will trade North of 665 so it may be a bit easier to move the put fly (to close) as the short strike would be OTM (microstructure). Not wanting to convey that one is "better" than the other.

Glad you took the Sep/Oct calendar.

 

[cdcaveman]

Quote from atticus:


Glad you took the Sep/Oct calendar.

how do you figure on targets for a calender like that?

 

[atticus]

Quote from cdcaveman:

how do you figure on targets for a calender like that?

I'll what-if it a week forward or so at neutrality, assuming flat vol. I am looking for strike touches or a move in vol. The AAPL calendar I closed was a bet on a strike touch and a gain in vol. Unfortunately it inverted on delta but rose on vol.

 

[Doobs789]

Quote from cdcaveman:

why iron or put .. instead of call? downside bias?

+BOT 1AAPLOCT 19 '12 + 665 - (2)620 + 710 Put Butterfly 12.85 USD SMART 13:54:34 OptTrader 2.27 null

my 675 calender is working good....
short sept long oct... pre earnings month against earnings month play
in at 10.61

AAPL - SEP 21 '12 + OCT 19 '12 675 Put Calendar Spread 10.61 USD

Earnings will most likely be in the Nov options cycle.