atticus' "ship it" vol trading journal

cdcaveman · Sep 12, 2012

Quote from Doobs789:

20-wide ATM Fly in GOOG, regular Sept expiry. Thoughts

I wanna find a less correlated ticker.... MA or PCLN or something. Just so I'm not super concentrate aapl......my account is small but still!

atticus · Sep 12, 2012

Quote from Doobs789:

20-wide ATM Fly in GOOG, regular Sept expiry. Thoughts

Truly a crap shoot so don't look for much. Hit singles. The 665/695/725 looks ok, but marginal. $14.00 mid. If I wanted it I'd do puts assuming a bit of a bump in liquidity above 695. I would not look for more than $3 in it and would not hold it beyond Monday's close. Maybe do a one lot for kicks, assuming your regular size is a fiver.

diaoptions · Sep 12, 2012

Quote from Doobs789:

Trying to get a 660/665/670 Weekly Fly @ 0.50.

Guaranteed loser. $5 strikes on a $650.00 stock is not a good trade.

Doobs789 · Sep 12, 2012

Quote from diaoptions:

Guaranteed loser. $5 strikes on a $650.00 stock is not a good trade.

Was trying to get it for a quick flip. Did not get filled, canceled order.

cdcaveman · Sep 12, 2012

my 675 calender is doing good.. i'm in at 10.61 -sept/+oct trading i thinjk at 12.35 mid point..

620/665/710 in at 12.87 not much changed.. moving around abit but not burning into profit yet.. bought another one @ 13.07 in another account..

cdcaveman · Sep 12, 2012

Quote from cdcaveman:

my 675 calender is doing good.. i'm in at 10.61 -sept/+oct trading i thinjk at 12.35 mid point..

620/665/710 in at 12.87 not much changed.. moving around abit but not burning into profit yet.. bought another one @ 13.07 in another account..

glad i sold my shorter winged 640 660 680 fly for profit today.. after hours its up and it would have broken my butterfly

HurricaneUS · Sep 13, 2012

^^and I quote....

Quote from diaoptions:

Lets keep the discussion civil in the Journals section. If you want to make a big fuss post in the Option forums.

http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=12

Thanks

cdcaveman · Sep 13, 2012

Quote from cdcaveman:

glad i sold my shorter winged 640 660 680 fly for profit today.. after hours its up and it would have broken my butterfly

turns out i was right... profit yesterday... competely gone

Doobs789 · Sep 13, 2012

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.

Still like the 665 fly? AAPL looking strong here.

atticus · Sep 13, 2012

Quote from Doobs789:

Still like the 665 fly? AAPL looking strong here.

I was just contemplating offing it. 12.65 mid. Want to wait a bit. If we don't close under 80 on spot it will be gone today.