atticus' single-name delta book

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Quote from atticus:

FWIW, the ATM 15-wide fly trades at 2.50 to 2.70 at the open on ex-day at current vola.

So I take it you don't like the trade. How do you come up with that figure?

(FWIW I also bought the 555 calendar for 4.50, so I am flat vega)
 
Quote from Doobs789:

So I take it you don't like the trade. How do you come up with that figure?

(FWIW I also bought the 555 calendar for 4.50, so I am flat vega)

No, I like it fine. I would use the price as a SL figure, but I don't think that >$570 is in the cards. The ATM 15-wide was 2.70 bid last Friday at the open, if memory serves.
 
Quote from Doobs789:

So I take it you don't like the trade. How do you come up with that figure?

(FWIW I also bought the 555 calendar for 4.50, so I am flat vega)

Out of both fly and cal on this rally. Rolled into the 550/565/580 for 4.30
 
see you guys have been at it..
i've been looking at a dec MA 450/480/510 iron... i'm staying away from weeklys, i think jan might even be better.. these front month/week expiring flys are to much for me to manage.. i need to personally get a little better understanding of where on the term structure might be a better placement considering my lack of ability to forecast.. i had a general idea that this downtrend would break at least temporarily. the action in apple looks unmanageable to me. sharply trending down , and jumps..
 
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Hey cd, from looking at your Hoadley screenshot, you need to change the risk free rate and the pricing model (to binomial American)
 
Well, I closed out yesterday the aapl, as two verticles, since I thought I would keep part of spread as a verticle and also closed out the /cl in parts since it was going against me as price was rising to 89. Still long 1 /cl 92.5 call. lost >3000 on the cl

tAndroid BOT +1 3/4 BACKRATIO /CLF3 1/1000 JAN 13 /LOF3 82.5/86.5 CALL @-4.68
tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95
tAndroid SOLD -10 VERTICAL AAPL 100 DEC 12 520/530 CALL @6.28 CBOE
tAndroid SOLD -5 VERTICAL FB 100 DEC 12 20/23 CALL @2.34 PHLX
tAndroid SOLD -3 VERTICAL GLD 100 DEC 12 160/165 CALL @4.00 PHLX
tAndroid BOT +10 VERTICAL AAPL 100 DEC 12 530/540 CALL @6.93 CBOE
tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95


Quote from rockn:

I've been somewhat following here, don't understand all the options speak...I had opened aapl fly friday before the fiscal cliff news came out when price was heading for $500. anyways, just wanted to post some trades, aapl Dec fly 520/530/540. I also have aapl Dec calendar $600. Aapl 675 expired worthless ( I bought that after aapl wass trading down from the 700 peak in sept about.

Also bought friday FB Dec fly 20/23/25 and GLD Dec 160/165/170

Also expired worthless friday AA 10 calls, CMG 310, Goog 775.

I also (for the first time) bought a /CL fly 82.5/86.5/92.5 and am concerned since I have debit (10,905) in my acct over the weekend. I was bullish on the middle east news of conflict. I just dont want to get blown out on this. I should have closed it before the close Im thinking now. Also, the Fb spread has a (1000) bp effect currently.
 
Well, I closed out yesterday the aapl, as two verticles, since I thought I would keep part of spread as a verticle and also closed out the /cl in parts since it was going against me as price was rising to 89. Still long 1 /cl 92.5 call. lost >3000 on the cl. frustrating since cl was such a nice up move yesterday and should have been an easy long trade.

tAndroid BOT +1 3/4 BACKRATIO /CLF3 1/1000 JAN 13 /LOF3 82.5/86.5 CALL @-4.68
tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95
tAndroid SOLD -10 VERTICAL AAPL 100 DEC 12 520/530 CALL @6.28 CBOE
tAndroid SOLD -5 VERTICAL FB 100 DEC 12 20/23 CALL @2.34 PHLX
tAndroid SOLD -3 VERTICAL GLD 100 DEC 12 160/165 CALL @4.00 PHLX
tAndroid BOT +10 VERTICAL AAPL 100 DEC 12 530/540 CALL @6.93 CBOE
tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95


Quote from rockn:

I've been somewhat following here, don't understand all the options speak...I had opened aapl fly friday before the fiscal cliff news came out when price was heading for $500. anyways, just wanted to post some trades, aapl Dec fly 520/530/540. I also have aapl Dec calendar $600. Aapl 675 expired worthless ( I bought that after aapl wass trading down from the 700 peak in sept about.

Also bought friday FB Dec fly 20/23/25 and GLD Dec 160/165/170

Also expired worthless friday AA 10 calls, CMG 310, Goog 775.

I also (for the first time) bought a /CL fly 82.5/86.5/92.5 and am concerned since I have debit (10,905) in my acct over the weekend. I was bullish on the middle east news of conflict. I just dont want to get blown out on this. I should have closed it before the close Im thinking now. Also, the Fb spread has a (1000) bp effect currently.
 
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