atticus' "ship it" vol trading journal

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Quote from atticus:

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.
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How about the decision to bail on a loser - is that simply a function of stopping out of the trade if the marks go some multiple of the expected profit target against you? Or is the stopping out decision a separate process entirely?
 
Quote from Doobs789:

Earnings will most likely be in the Nov options cycle.
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you mean oct.. will expire just before it?

i thought it was going to be OCT 15... options expire the 19th
 
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.
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Any concern of being short gamma into tomorrow's announcement?
 
Quote from cdcaveman:

you mean oct.. will expire just before it?
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Earnings date is not confirmed, but could be Oct. 22 or 23, which would lie in the Nov cycle (Oct options expire on 9/19)

EDIT: yeah I just saw that Oct 15 as a possibility
 
Quote from Doobs789:

Any concern of being short gamma into tomorrow's announcement?
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i never know what to think about that.. there so many buy the rumor sell the news kinda shit.. big anticipation then a non event...
 
Quote from cdcaveman:

i never know what to think about that.. there so many buy the rumor sell the news kinda shit.. big anticipation then a non event...
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Yeah fly should work well then with the absence of a big move. Vol should come in after the news, although it's been down 1-2% so far today.
 
Quote from cdcaveman:

i just accidently sold a fly in TOS.... blah... stupid shit..
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wild... oddly enough... i just round tripped a fly in TOS and it only knocked 1 day trade off...
 
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