atticus' "ship it" vol trading journal

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you guys doing any of these ?

AAPL OCT 19 '12 + 650 - (2)700 + 750 Call Butterfly = 18.90 mid

i want in on some flys.. what are the ideas right now?
 
Quote from cdcaveman:

you guys doing any of these ?

AAPL OCT 19 '12 + 650 - (2)700 + 750 Call Butterfly = 18.90 mid

i want in on some flys.. what are the ideas right now?
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I wouldn't touch anything in AAPL right now beyond a weekly. I do like the 680/695/710 weekly fly, long from 5.00.

Edited typo on strikes.
 
Quote from atticus:

I wouldn't touch anything in AAPL right now beyond a weekly. I do like the 675/690/705 weekly fly, long from 5.00.
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weridly i have this feeling that with all the different perceptions going around... the things probably staging a move....... i like always hit myself when i get this feeling and just don't out right buy some wings... the fucking OTM's will go from 1 dollar to 15 .. i've seen them start at .50 cents and swing up to like 25 before.. or at least 15 i don't remember.. either way its insane.. the weeklys just don't get priced right when theres tons of action.. must be like selling and hedging vix options.
 
Quote from cdcaveman:

weridly i have this feeling that with all the different perceptions going around... the things probably staging a move....... i like always hit myself when i get this feeling and just don't out right buy some wings... the fucking OTM's will go from 1 dollar to 15 .. i've seen them start at .50 cents and swing up to like 25 before.. or at least 15 i don't remember.. either way its insane.. the weeklys just don't get priced right when theres tons of action.. must be like selling and hedging vix options.
More...

It's a solid bet on gamma into stat vol with no "iPad mini" news. I'd still take it with hopes that close-close var is still low into mini-news. I own it from 5.
 
Quote from atticus:

It's a solid bet on gamma into stat vol with no "iPad mini" news. I'd still take it with hopes that close-close var is still low. I own it from 5.
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last time i flyed in short winged on a weekly it fucked me... its trading at 4.45 right now.. people are crazy bullish on this stock..

the reason i don't like it is that for some reason i have this idea that tue wed are moving days... maybe its just supersticiion
 
Quote from cdcaveman:

last time i flyed in short winged on a weekly it fucked me... its trading at 4.45 right now.. people are crazy bullish on this stock..

the reason i don't like it is that for some reason i have this idea that tue wed are moving days... maybe its just supersticiion
More...

Sorry, I typo'd. I am in the 680-710 from 5.00. 4.87 mid currently.
 
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