atticus' single-name delta book

[Doobs789]

Quote from atticus:

Single name vola is the only place to be here. Nuts to be in the index.

Agreed. I'm in that AAPL 520 fly as well.

 

[froluis]

Single name vola is the only place to be here. Nuts to be in the index.

Atticus
I guess you say that because IV is very low, are there other reasons?
Thank you and regards

 

[cdcaveman]

Quote from froluis:

Single name vola is the only place to be here. Nuts to be in the index.

Atticus
I guess you say that because IV is very low, are there other reasons?
Thank you and regards

IV is not very low in apple... see below... he probably means that the risk associated with the IV level is less then in the index. .<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/805/vxapl.png/'><img src='http://img805.imageshack.us/img805/9265/vxapl.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>

 

[froluis]

I meant Index IV is/was low. It is going up today.

 

[atticus]

Up 8 per on the ES overwrite which was the heat taken on Friday.

 

[atticus]

Quote from atticus:

Long the AAPL Jan18 480/520/560 fly from 13.92 risk. 12% allocation.

Out all at 14.00 (22 mid) on the near 10 point inversion.

 

[newwurldmn]

Quote from atticus:

Out all at 14.00 (22 mid) on the near 10 point inversion.

I still have that 1/4/13 500 560 fly.

 

[newwurldmn]

My biggest trade is long VIX puts in Jan and Feb.

 

[newwurldmn]

Cut my VIX Jan puts (20 and 17 lines). Most of the vol premium is gone. There's probably only 2 points left.

 

[kinggyppo]

Quote from newwurldmn:

Cut my VIX Jan puts (20 and 17 lines). Most of the vol premium is gone. There's probably only 2 points left.

nice trade, that spike on friday's close was quite nasty.