atticus' "ship it" vol trading journal

[cdcaveman]

Quote from atticus:

The AAPL Nov 610/660/695 BWB looks good here at 18.25 mid to buy.

-1 hahah

 

[atticus]

Closed out Nov trades in AAPL, save for the Nov 615/660/705 from $12.75 (short g). Not a journal position.

 

[Doobs789]

Quote from atticus:

Closed out Nov trades in AAPL, save for the Nov 615/660/705 from $12.75 (short g).

you still in the Oct 630/645/660?

 

[atticus]

Quote from Doobs789:

you still in the Oct 630/645/660?

Yeah, 1/4 of account. It's the only journal position.

 

[Doobs789]

Quote from atticus:

Yeah, 1/4 of account. It's the only journal position.

Yeah I'm in it. Damn thing won't come in, might need to bail here.

 

[atticus]

Quote from Doobs789:

Yeah I'm in it. Damn thing won't come in, might need to bail here.

I don't see any reason to dump... you think we trade a lot higher here?

 

[Doobs789]

Quote from atticus:

I don't see any reason to dump... you think we trade a lot higher here?

A lot of buyers, might break through 650. But at least that ceiling has held so far.

 

[Doobs789]

Quote from atticus:

Closed out Nov trades in AAPL, save for the Nov 615/660/705 from $12.75 (short g). Not a journal position.

Why this? Nov vol should move higher from here, no?

 

[cdcaveman]

Quote from cdcaveman:

-1 hahah

+SLD 1 AAPL OCT 19 '12 + (1) 630 + (1) 665 - (2) 645 Call Combo 4.05 USD SMART 15:06:45 2.20 null


i'm out with good profit... still on average on all the bwb's i'm down across accounts..

 

[atticus]

Quote from Doobs789:

Why this? Nov vol should move higher from here, no?

It's still a post-report play. Loss of opp on synthetic vol (time) if I wait for the optimal vol-line. IOW, I still think it will be marginally cheaper to buy here then later. I'll post the closing price on the day of the report to see if I was right in taking the position now.