atticus' single-name delta book

[atticus]

Large EURUSD short in spot from 1.3088x.... missed posting it here, so assume I am short from current (1.308).

 

[atticus]

Quote from atticus:

Large EURUSD short in spot from 1.3088x.... missed posting it here, so assume I am short from current (1.308).

Fuck, that hurt. Out at 11.

 

[newwurldmn]

I was dumb enough to get long the YEN via shorting YCS.

Dropped the entire premium on my option (despite it having 5 months left)

 

[atticus]

Bot the GC May 1350/1400/1450 fly at 10.00. May at 58.00 and mid on the fly of 9.00.

 

[kinggyppo]

Quote from atticus:

Bot the GC May 1350/1400/1450 fly at 10.00. May at 58.00 and mid on the fly of 9.00.

I wouldn't be surprised if we touch 1400 today

 

[ammo]

gold

 

[vanv0029]

Why did you choose the May 28 expiration 1450/1400/1350 put butterfly
versus the April 25? Isn't the idea to profit from the expected dead cat
bounce? Also, why GCM3 options versus GLD. To save commissions?

 

[justrading]

http://m.futuresmag.com/2013/04/15/...m_medium=eNL&utm_campaign=FUT_eNL&_LID=276018

Article on gold sales.

 

[atticus]

Quote from vanv0029:

Why did you choose the May 28 expiration 1450/1400/1350 put butterfly
versus the April 25? Isn't the idea to profit from the expected dead cat
bounce? Also, why GCM3 options versus GLD. To save commissions?

I didn't do the puts. Trade what you want. It was a signal to buy for a 3-5 day hold. The fly is 12 mid and it goes off on 4/25/13.

 

[vanv0029]

Thanks, I am not used to trading futures. I just realized the May Gold futures
contract expires April 25 unlike the April 26 GLD options. I think the GC
1450/1400/1350 put butterfly has more volume. Isn't that good? The
GLD 140/135/130 butterfly has less volume, but by next week I think it
will have more even at 1/10 size.