atticus' "ship it" vol trading journal

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Quote from atticus:

Out of AAPL fly at 6.05. It's not a journal account trade, but up 1.05 gross. I'm kicking myself as I think SPX will drop. I am replicating those deltas in index in another account, neutral to 1450 basis Oct.
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Still holding half my position in AAPL. I concur with you on SPX, but it doesn't want to cooperate. I have some 1450 flies on, up slightly, but giving it back now.
 
I am comforted by the fact that I am short those diaoptions calls on AAPL. WIll make as much on those as I did on the fly. Thanks for the fade.
 
Quote from atticus:

I am comforted by the fact that I am short those diaoptions calls on AAPL. WIll make as much on those as I did on the fly. Thanks for the fade.
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Haha yeah those look solid. There goes 700. Still have a 5-lot on.

I'm looking at a VIX/SPY trade currently. But vol still looks like a sale.
 
Quote from atticus:

I am comforted by the fact that I am short those diaoptions calls on AAPL. WIll make as much on those as I did on the fly. Thanks for the fade.
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+1 ...... I always like to help. I'm looking at some more promising trades and will post when I finish crunching the numbers.

:)
 
Quote from diaoptions:

+1 ...... I always like to help. I'm looking at some more promising trades and will post when I finish crunching the numbers.

:)
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lol awesome, TIA.
 
Quote from atticus:

Out of AAPL fly at 6.05. It's not a journal account trade, but up 1.05 gross. I'm kicking myself as I think SPX will drop. I am replicating those deltas in index in another account, neutral to 1450 basis Oct.
More...

I am neutral vol (flies, calendars) in SPX. SHort deltas to 1450 cash. $1300 thetas in SPX.

edit: MA so wants to pin. Vol is up simply due to time elapsed as realized vol is lower. I don't know who's supporting vol but it's zero at exp.
 
Quote from atticus:

Out of AAPL fly at 6.05. It's not a journal account trade, but up 1.05 gross. I'm kicking myself as I think SPX will drop. I am replicating those deltas in index in another account, neutral to 1450 basis Oct.
More...

Out of the AAPL Fly entirely at 6.30. I got in at 5.20. Performance on your journal portfolio should be good.
 
6.25 mid in the AAPL is a gimme here at 602 and change. I think you've got to take it unless you're strongly opinionated on a bearish outlook. I am, but would rather reduce gamma by trading in index.

6.17b, take it!
 
Quote from Doobs789:

Out of the AAPL Fly entirely at 6.30. I got in at 5.20. Performance on your journal portfolio should be good.
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haha, awesome. Disregard my last.
 
Quote from atticus:

haha, awesome. Disregard my last.
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yeah got rid of it below 702 in the shares. I'm also bearish, we might have left some money on the table, but as you said; hit singles.

What's the SPX play? A journal trade, or are you committed in MA?

I had a SEP28 20/50/80 Fly on which I sold into the nascent rally. 1450 might be a little aggressive here.
 
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