Destriero's single-name vola journal (riskarb; atticus; et al)

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destriero said:
This Naz rally reads as short covering. Strong signal, but traveling so limiting size. Three lot, done via synthetic. 109.40 risk. Short 30D per.
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Not sure how much delta was the position when you started it but right now is -99.3
I was wondering what's your rational of shorting another 30D knowing that price is already more than midway between max profit and BE.

NDX.JPG


Sorry of this is a silly question. I read a lot of what you post but don't understand a lot of it. Hope you don't mind. Just trying to learn (also in your old threads).
 
I was 90D at inception in NDX.

GOOGL: I plan on converting the position to a natural & symmetric 231 after the front week goes off: 1010/1050/1090 231P. Right now my mark on that trade would be a $6 to the buy, but I won’t have a true MTM until I get back to the hotel.
 
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NDX closed at 107 mid. GOOGL at 16.70. I am less concerned with GOOGL as I had intended, from inception, to trade into a symmetric 231. Ideally done at a credit, but we'll see. I will hold through the closing minutes of LTD this Friday (front week).

The 1110/1150/1190 231P is MTM at 1.15. My calendar is trading at 16.70, down 1.60. I got it at 18.10, but I marked it for the journal at 18.30. I'll use 18.30.
 
I may trade inside that 1110/1150/1190 (1130/1160/1190 231) if we don't touch 1190 before expiration of the front. I don't want to go into earnings with a 50 lot risk upside risk on a debit.
 
Doobs789 said:
Why you so obsessed with GOOGL? Slow money brah
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Your mom says that trading GOOG vol increases sensitivity and sensation. ;) I love to get beat-up by GOOGL. God forbid you try to move something in GOOG options (old series). It simply doesn't trade.
 
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destriero said:
Your mom says that trading GOOG vol increases sensitivity and sensation. ;) I love to get beat-up by GOOGL. God forbid you try to move something in GOOG options (old series). It simply doesn't trade.
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It's probably best you stay in the shallow end.
 
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