atticus' single-name delta book

[atticus]

Someone asked in a PM what I benchmark to... and I'd say that it's not a passive account. I benchmark each position to spot. Say I am taking a delta bet (bimodal to delta, but directional) on AAPL and the shares drop 2%... I would need to earn 2% or better on the structure (20% gain on debit at 10% book allocation) to consider the trade "efficient".

Generically/globally, I look to do 5x better than SPX over duration.

 

[kinggyppo]

double bottom an aapl at 572, it should hold.

 

[atticus]

Paid 24.10 risk (23.70 mid) for the NDX Dec06 2625/2675/2725 fly. 5% allocation.

 

[Doobs789]

GOOG Dec21 655/685/715 fly for 11.50.

Still waiting to get filled.

 

[atticus]

Quote from atticus:

Paid 24.10 risk (23.70 mid) for the NDX Dec06 2625/2675/2725 fly. 5% allocation.

Wow that bit. $17.00 out.

 

[Doobs789]

Quote from atticus:

Wow that bit. $17.00 out.

Yeah...AAPL

 

[atticus]

Quote from Doobs789:

GOOG Dec21 655/685/715 fly for 11.50.

Still waiting to get filled.

55/90/25 for 14.50 bot, 5%. (40 mid). thanks, lol.

 

[atticus]

Quote from atticus:

Performance to date: >7.2% in 26 calendar days.


I am feeling uneasy and want to see if we close at an excursion, up or down. I don't feel like building a neutral-book of vola, and can't afford to sell premium outright here, so looking for a delta-bet.

Performance to date: +5.2% after the NDX debacle.

 

[atticus]

Quote from atticus:

55/90/25 for 14.50 bot, 5%. (40 mid). thanks, lol.

Flat. I will wait for the close. Lost a dime.

 

[kinggyppo]

Quote from Doobs789:

Yeah...AAPL

some big volume off the open. nasty!