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

[destriero]

-15 SPX; -32 NDX.

There is no conviction in this light selloff. The flows do not support it. I'd fade it (long) but not this week.

 

[destriero]

The MSFT APR20/27 long 90P calendar is a great buy here at $0.93. It's good for 20% in a week (Monday to Monday)

I'd probably go with the put over the call on microstructure, but that's unimportant. I typically don't trade debits under a buck, but I'll revisit it next Friday.

0.98 mid, marked.

 

[OptionsOptionsOptions]

-15 SPX; -32 NDX.

There is no conviction in this light selloff. The flows do not support it. I'd fade it (long) but not this week.

IMO ......If not this week then it has to be next week and into earnings to go long - (Tech stocks, Nasdaq).

 

[destriero]

-15 SPX; -32 NDX.

There is no conviction in this light selloff. The flows do not support it. I'd fade it (long) but not this week.

Marginal at best.

 

[El OchoCinco]

Maybe will do an Ocho Cinco VX Journal rather than pollute yours...let me see how badly this one gets trolled first haha.

But for the record I have the -May/Jun/-Jul VX Fly at -.69 with short ES hedge.

Took the ES Hedge off. Market keeps bleeding higher faster than MAY/JUNE is widening and would accumulate too large a loss before the FLY pays off.

For the record the FLY is at -.30 so a profit of .39 on the FLY itself.

Still holding to try and make up some of the loss on the hedge.

 

[Spooz Top 2]

Looking forward to staying with this.. Always enjoyed your postings & hold you in high regard here, Atticus!

Nice to see some of the OG`s/ Originals are still present & active... good stuff!

 

[destriero]

Took the ES Hedge off. Market keeps bleeding higher faster than MAY/JUNE is widening and would accumulate too large a loss before the FLY pays off.

For the record the FLY is at -.30 so a profit of .39 on the FLY itself.

Still holding to try and make up some of the loss on the hedge.

HUP!

 

[destriero]

Dest4: Long the APR27 SPX 2600/2650/2750 231 in puts from 39.75 which is marketable. I am not finding a lot to trade today, so this is meh. Short leash. D-position is ok at -17 per. I'd rather be short than long as breadth is terrible, more Russia sanctions likely, Comey book, Syria, Cohen in court today.

 

[destriero]

Dest4: Long the APR27 SPX 2600/2650/2750 231 in puts from 39.75 which is marketable. I am not finding a lot to trade today, so this is meh. Short leash. D-position is ok at -17 per. I'd rather be short than long as breadth is terrible, more Russia sanctions likely, Comey book, Syria, Cohen in court today.

Dest4b: Adding the calendar for vol and delta. $8 is marketable. Long APR20/27 2640 in puts. Ratio of two for each fly. Short an additional 4-deltas per. Delta-pos of (-17; -4, -4): 25 short per lot.

 

[destriero]

Fly went out at 40.25; calendar at 7.20.