Dest's Everything Journal

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Dest,
Awesome Journal, thanks for sharing.

I have a question for you... How would you play this Long setup on AMZN?

My thoughts are AMZN will retest the 1964 Level within 8 weeks or so roughly.

How would you play this, would you mind sharing what you would put on let's say on This Monday your play for that scenario playing out?

Would you buy 1900 Calls, and Sell 2000, and buy 2020 (July calls)

upload_2019-5-11_9-27-36.png
 
Palindrome said:
Dest,
Awesome Journal, thanks for sharing.

I have a question for you... How would you play this Long setup on AMZN?

My thoughts are AMZN will retest the 1964 Level within 8 weeks or so roughly.

How would you play this, would you mind sharing what you would put on let's say on This Monday your play for that scenario playing out?

Would you buy 1900 Calls, and Sell 2000, and buy 2020 (July calls)

View attachment 202453
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Not to beat a dead horse, and I've stressed more conventional stuff, but the 1980/2080/2025 looks good here. Peak occurs right at the body strike at +10 days out. +90 in AMZN is going to see ATM vols at 20 so you're not going to want to necessarily run diagonals or calendars. Good terminal performance and not a lot of leverage above the body (slope out to 2025 wing).

2019-05-11_1516.png
 
I'm starting to see the Light on these Butterflys.

It seems like when they go against you, it is obviously not as dramatic as just owning an at the money call outright.

So from a risk management perspective....

let's say you have 100k account and you risk 1% per trade... you could easily buy 2.5% or a debit of 2500 for the spread, have some nice exposure to the trade and comfortably manage your risk and exit the spread when it is down 40% against you...

Is that the beauty of them?
 
I was reading you would close the NDX FLY if it crossed below 165 or 170. Curious as to why you did not pull trh trigger at 220 mark since market got so unpredictable. Still a great trade legged into but curious as to the thinking...
 
El OchoCinco said:
I was reading you would close the NDX FLY if it crossed below 165 or 170. Curious as to why you did not pull trh trigger at 220 mark since market got so unpredictable. Still a great trade legged into but curious as to the thinking...
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I figured I'd get 250 this week absent trade news and it's relatively small. I am still up on the trade, but yeah, it sucks.

I am closing in on $10MM. I closed a lot of long-term shorts today and arbed others (another TSLA reverse-conversion).

I'd post a youtube here, but nah.
 
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