atticus' "ship it" vol trading journal

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Quote from newwurldmn:

Expy the 17th and old CEO expected to make bid in dec. before expectation was 24-26 now it's unclear wha if any. Either way vol stays bid.
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Ahh yes, excellent. Didn't look at the date.
 
Quote from newwurldmn:

Expy the 17th and old CEO expected to make bid in dec. before expectation was 24-26 now it's unclear wha if any. Either way vol stays bid.
More...


Some serious upside skew in those Nov options.

What strikes are you in for the calendar?
 
I have Dec 18 puts vs Nov 16 puts (position from about a month ago) and today i put on the Nov Dec 16 callspread.

First trade has been hairy but I think it's a good one now. If he bids before downside skew will be very high. It's not easy to do a 5billion dollar LBO, especially for a declining company, so markets should discount his ability to close.
 
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