atticus' single-name delta book

diaoptions · Nov 9, 2012

Quote from Doobs789:

Going to go with the GOOG Nov16 645/665/685 for 8.00

$20.00 isn't enough of a cushion. I would move the strikes to $40.00 apart - 625/665/705.

Doobs789 · Nov 9, 2012

Quote from diaoptions:

$20.00 isn't enough of a cushion. I would move the strikes to $40.00 apart - 625/665/705.

Decided strike width based on approximate straddle price in Nov. It's about 15-16 currently, so went with 20 wide.

atticus · Nov 9, 2012

Quote from diaoptions:

$20.00 isn't enough of a cushion. I would move the strikes to $40.00 apart - 625/665/705.

Pointless. You add 20 in width and 18 in additional risk. Outside the wings you're long gamma, while still hurting in the 40-wide.

cdcaveman · Nov 9, 2012

no interest in the bby calender trade?

atticus · Nov 9, 2012

Out of GOOG stock at 3.06, marginal.

atticus · Nov 9, 2012

Quote from atticus:

Out of GOOG stock at 3.06, marginal.

Same size, long from 62.82.

kapw7 · Nov 9, 2012

Quote from cdcaveman:

no interest in the bby calender trade?

+1 Hopefully newwurld still likes it.
fwiw I am in a DEC21-/JUN21 15 Put -2 / +1 calendar for 0.79 credit

DISCLAIMER: Don't copy my trade I have no idea what I'm doing : P

atticus · Nov 9, 2012

Quote from atticus:

Same size, long from 62.82.

Out at 61.61.

atticus · Nov 9, 2012

There will be a lot of trades so I will update closed and marked performance at end of week.

atticus · Nov 9, 2012

GOOG is whippy. Still like the position as I am holding deltas in everything else.