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

[destriero]

I think that's how LTCM blew up.

You're thinking of Surfer's NADEX account.

 

[Doobs789]

Added same trade:

NDX Jul20 7250/7350/7550 231 iron fly from 101.50 risk (98.50 cr), 2-lot

View attachment 188657

Out of NDX fly, 117.00 risk (83.00 cr).

117-101.5=15.5*2-lot*100= +$3,100

 

[destriero]

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.



View attachment 188641

119 covered. Market is 120.5 mid on the natty. I am on my iPad and the pic won’t upload due to resolution (too large). Anyone can check the MTM on the natural or synthetic. I am short a lot of deltas in GOOG. $2,880 gained. 8% on debit.

 

[destriero]

GOOGL calendar is MTM at 18.5. I still plan on holding thru LTD on the short, and using the long as source for the symmetric 231P fly through the report.

 

[Doobs789]

119 covered. Market is 120.5 mid on the natty. I am on my iPad and the pic won’t upload due to resolution (too large). Anyone can check the MTM on the natural or synthetic. I am short a lot of deltas in GOOG. $2,880 gained. 8% on debit.

They're both 119.50 iron vs 120.5 nat.

I made more $ on the trade than you did, even though you found it first. Sucka!

 

[destriero]

They're both 119.50 iron vs 120.5 nat.

I made more $ on the trade than you did, even though you found it first. Sucka!

lolyes, you got in cheaper and with a two lot. A$$hole.

 

[destriero]

Everything will be treated as a one-lot for journal purposes unless stated otherwise. "Return on debit" or "% return" for the trades specifying contract size like the last NDX trade. VZ has been referring to the thread, so I expect that he will now revisit his train wreck journal.

 

[destriero]

GOOGL trade marked to 17.70 (from 18.30 bot).

 

[Doobs789]

Everything will be treated as a one-lot for journal purposes unless stated otherwise. "Return on debit" or "% return" for the trades specifying contract size like the last NDX trade. VZ has been referring to the thread, so I expect that he will now revisit his train wreck journal.

Of course. I always quote positions in terms of "risk" or max loss (debit). I've been quoting both since I typically trade irons and a lot of people can't grasp that strike-width - credit = debit. Especially if it's a 253 or 352. [reduce to 1-lot risk =width-(credit*0.5)].

So my NDX fly return is, 117-101.50=15.5/101.5=15.27% return. I did two of them so PnL=15.5*2*100=$3100. Which is almost enough to cover my expenses from hookers/booze for the week

 

[destriero]

Boeing marked to 29.3 mid.