atticus' single-name delta book

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Quote from atticus:

You're clairvoyant. ;)

I am looking at GOOG as a relative val metric is stretched, but I can't do the liquid stuff in April as it's reporting. I'd have to do one of the weeklies.
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will it touch 850 this week, I say no.
 
The GOOG Apr5/May long put spread looks excellent here at <$17. Buying reporting vol for 500 over the front and 23-line outright.

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I went with the Apr5/19 long 830 PS from 11.90 (65 mid) for 10% of the journal account. I'll go larger across the board today and tomorrow in the same spread (non journal acct).
 
Quote from atticus:

I went with the Apr5/19 long 830 PS from 11.90 (65 mid) for 10% of the journal account. I'll go larger across the board today and tomorrow in the same spread (non journal acct).
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This (quoted above) won't be a journal trade due to date-risk on the report. I am also buying the APR19/MAY 830 put spread (5.05 mid) at 5/2 favoring the APR5/19 as a hedge in lieu of reducing the size on the APR5/19 due to date-risk.

If the report comes in APR I lose ~$1.50 per in the APR/MAY ordinary, but gain $5 in the APR5/19. Hence the 5/2 ratio.

I'll update but won't be marking this to the journal PNL, regardless of outcome. I have immunized against term-risk, but don't want it in the journal account.

And yeah, I should've simply bot APR5/MAY but didn't want to roll-out at loss of edge.
 
Quote from atticus:

AAPL 422.11 last. I am long small (<1%) in AAPL shares from 422.52 avg. Not a journal trade, but I think we're at capitulation here.
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Out AH at 432.20 avg. +10.09 on the position.
 
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