convexx's "hitting bids and lifting offers" ETF options

[convexx]

NDX Oct16 3900/3950/4050 231 asym in puts. Someone in my family has this already. The mid is close to fill quality here at 20.15 to 0.20:

https://www.dropbox.com/s/b243mhlix7da2my/2014-10-02_0932.png?dl=0

This would be a 5% reco on allocation.

 

[Scaleout.Scalper]

Bullish in NQ/QQQ from the lows...

 

[convexx]

Me too.

 

[Scaleout.Scalper]

Exited 2.95, good luck OP.

 

[convexx]

This reversal can be bought to NDX 4030. US share-universe > n-period MA is also in bull-divergence.

 

[convexx]

Will go outright long in delta1 when the Px takes out the three-bar high on this chart.

https://www.dropbox.com/s/t11bqmx28s8nqos/2014-10-02_1225.png?dl=0

 

[nvroy]

Will go outright long in delta1 when the Px takes out the three-bar high on this chart.

https://www.dropbox.com/s/t11bqmx28s8nqos/2014-10-02_1225.png?dl=0

Did you long any of the indexes? Ndx at 4030. Is this more of a hedge for the NDX Oct16 3900/3950/4050 fly in case market moves up.

 

[convexx]

Did you long any of the indexes? Ndx at 4030. Is this more of a hedge for the NDX Oct16 3900/3950/4050 fly in case market moves up.

I did, that chart opened 5 over the 3-bar high equating to 1947 ES. It's not relevant to the journal, but I wanted to show where I was getting long.

I am not concerned with the NDX asym. It's a distribution trade like a longer-duration narrow fly. I don't typically hedge those and it's reasonably small at 5%.

 

[convexx]

asym is up 2.00 at mid.

Cubes hedge is up.

New single-name position. GOOG 555/575/585 132 asym in calls for Oct10. 6.50 mid/FV. Reco standard lot.

https://www.dropbox.com/s/dk7kwqv90g8a0ss/2014-10-01_1239.png?dl=0

Edit: Added ticker symbol.

GOOG out 8.20 mid/FV. 0.23 microstructure on open, 0.29 on close. 8.20 less 0.52. 7.78 off. 20% gain on debit.

 

[convexx]

I covered GOOG on the inversion and portfolio delta, but I do think it's still a decent trade. I simply can't hold the inversion with the current NDX deltas.