atticus' single-name delta book

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Quote from atticus:

55/90/25 for 14.50 bot, 5%. (40 mid). thanks, lol.
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Cool. I'd prefer to be short some deltas, but that was when it was 690. Sold some AAPL 555 calls at 7.00, covering now.
 
Quote from newwurldmn:

skew in AAPL is crazy flat.

I bought the Jan 550 650 callfly for 11.50
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I like it a lot. Crazy convexity if you get any kind of rally.
 
I'll be working the GOOG Jan 600/700/800 fly by end of day. ~55, pure straddle risk.

Edit, done on 5% at 55.90 risk, (0.50 mid).
 
Quote from atticus:

I'll be working the GOOG Jan 600/700/800 fly by end of day. ~55, pure straddle risk.

Edit, done on 5% at 55.90 risk, (0.50 mid).
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i'm long goog 680 straddles delta hedging with dec (selling short term gamma at the same time).

it's not been that exciting.
 
Quote from atticus:

Though no blowout protection other than allocation.
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True. That's the risk you are taking, but given the selloff and the reasoning (i'm hearing anyway) it makes sense.

I was thinking about switching to your trade but it's too much premium. I invested 1% on my fly, which is about 4% on your fly (at the same notional). I can't trade in and out as quickly as you.
 
I like the seasonality here into the Holidays. It's a tough bargain to be outright short into Jan. Fiscal BS notwithstanding.
 
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