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atticus' "ship it" vol trading journal
- Thread starter atticus
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Quote from cdcaveman:
i have thoughts......
wanna buy super otm wing puts for names that have things like netflix, cmg, momentum destruction happen to them.. just those couple hundred dollar names that are flying in the clouds fundamentally that will one day fall... one day you get cmg fall a hundred bucks.. and otm's go from cents to 50 dollars... anyone make these long blowout volatility bets?? i wanted to make a list of these stocks that have tumble potential and buy some wings.... anyone have experience with this? i'm talking literally about buying .05 to .30 cent options way otm.. knowning most bets will lose.. i've never got the inclination that anyone is trying to do this.. i sometimes think people don't do this cause they can't afford the loss emotionally no matter how small it is..
Ken Roberts had something he called the "Options Profits Insurance Plan" or some such, and he basically did the same thing but in the futures markets. Buy otm silver options and wait for the price to jump.
Looks like QCOR will tank big at open. I see it down 27%.
Quote from atticus:
aapl oct 50/90/30 fly at 13.70 bot. mid is 0.60. limit of acct.
talked to a friend who works in product design at aapl. told me that they toyed with the idea of an "iphone XL" but figured the new mini would not cannibalize IP sales as would an XL iphone product.
Interesting stuff.
In the AAPL fly at 13.60 (irons)
Also, still in the Oct MA 405/455/505 fly
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