atticus' single-name delta book

newwurldmn · Dec 17, 2012

When does it start to feel like capitulation?

newwurldmn · Dec 17, 2012

my aapl position is as follows:

Long Dec Jan 500 putspread.
Short Jan 490 puts

4 putspreads to 1 490 put.

kinggyppo · Dec 17, 2012

Quote from newwurldmn:

When does it start to feel like capitulation?

so far 500 defended, there were some sub 500 prints pre market.
with 50% front month vol, aapl trades 250 or 750 on a binary event a year out. I would bet on 750 gun to my head.

atticus · Dec 17, 2012

Quote from atticus:

Had to go long with the AAPL Dec21 490/520/550 call fly from 11.00 (10.80 mid). 5%.

Spread at 13, holding.

kinggyppo · Dec 17, 2012

Quote from atticus:

Yeah, amazing R/R trading a $350 short touch out to Jan14.

get Jim Rogers on the phone.....deep pockets would help there.

atticus · Dec 17, 2012

Quote from kinggyppo:

get Jim Rogers on the phone.....deep pockets would help there.

I'd rather call Buffett! He loves to play vola. 30/100 or so.

atticus · Dec 17, 2012

Quote from atticus:

Had to go long with the AAPL Dec21 490/520/550 call fly from 11.00 (10.80 mid). 5%.

Out 13.50 (70 mid) as I'd like to see where we close. May end up in it again, but will go with the put fly if so.

atticus · Dec 17, 2012

Quote from atticus:

Increased GOOG fly to 15% (57.00 fill). $56.45 average with comms.

Out 55.10 (55.40 mid) as I plan to get neutral to 710.

Doobs789 · Dec 17, 2012

Quote from atticus:

Out 55.10 (55.40 mid) as I plan to get neutral to 710.

Yeah I was looking to do the same as it's getting away from me.

atticus · Dec 17, 2012

Quote from Doobs789:

Yeah I was looking to do the same as it's getting away from me.

Who knew it would flip modality that quickly. Still a nice sale of distro, IMO. I will go with the 715 if we're over 718 near the close. I'd like to see a touch of 720 before pulling the trigger.