atticus' "ship it" vol trading journal

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Quote from cdcaveman:

haha.. obviously i haven't been paying attention... i didn't hold the MA fly... fucking should have...

just did this

+ BOT 1 BIDU SEP 28 '12 + 100 - (2)130 + 115 Call Butterfly 11.95 USD SMART 13:25:35 OptTrader 2.16 null

it copied wrong... i'm short the 115's werid... scared me when i looked at it again
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This will bite me in the ass because I'm posting it and in a little bit of a drawdown, but I have the BIDU oct dec 110 for 4 something. It's like 3.5 vols and you get earnings plus the term structure.
 
Quote from atticus:

That's really tight, but looks ok.
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Been thinking about pulling the trigger on one... seems like it found a little bit of a bottom at 100 as it has before... risk is up to me... the Chinese are great liars so far
 
Quote from newwurldmn:

This will bite me in the ass because I'm posting it and in a little bit of a drawdown, but I have the BIDU oct dec 110 for 4 something. It's like 3.5 vols and you get earnings plus the term structure.
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It looks decent, but why not Oct/Nov as the report falls in Nov cycle?
 
Quote from atticus:

It looks decent, but why not Oct/Nov as the report falls in Nov cycle?
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Put it on early last week. No nov options then. Generally don't like 1-2 month spreads. But it's a personal thing.
 
Quote from newwurldmn:

This will bite me in the ass because I'm posting it and in a little bit of a drawdown, but I have the BIDU oct dec 110 for 4 something. It's like 3.5 vols and you get earnings plus the term structure.
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Bidu earnings change a lot... gotton jacked several times betting directly on earnings..... and then they changed their earnings date... still the vol did what it does in the opex it was suppose to happen in...
 
Quote from newwurldmn:

Put it on early last week. No nov options then. Generally don't like 1-2 month spreads. But it's a personal thing.
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Because you want more risk........
 
Quote from cdcaveman:

Because you want more risk........
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No. I find that the two month decays more than I model whereas the longer dateds are more "predictable"

Unlikely that earnings will be before oct, but it's a risk.
 
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