dest's overwrite journal

[traider]

Have you read anything that I’ve written here? I was not marketable on the bull vol-orders working in AMZN when I left the office. The $20-$30 drop was enough to make my shit marketable… not neutral. I am never neutral deltas. Well, nobody is, but I was explicitly long D at inception.

I had my tech with me (in the car) but lost track of time and had not logged in until after the close. I assumed that I was going into the weekend with my existing positions sans AMZN. I honestly don’t understand how I was filled at edge, but we’ll see on Monday how it plays out.

There was craziness at closing where things just dropped a ton. Did you check what time were your fills?

 

[destriero]

There was craziness at closing where things just dropped a ton. Did you check what time were your fills?

All filled in the last two hours but I don’t have my screens up. I am fine with the price, but at 3475… not 3425. It was a mistake to leave open orders like that but I didn’t expect to be filled and am operating on the assumption that the stat-vol would be muted into Prime Day. Shares really didn’t move much but left me with no ability to buy cheap gamma. I will short the open in NQ and tomorrow I will hedge in cheap verts and puts in weeklies.

 

[destriero]

I remain short 50 VX for Aug, but that’s allocated to my short vol in skew and against a large index bull call with a large marked gain. Basically way too much shit.

I realize this has nothing to do with overwrites but I am reconciled to posting only to my own threads and in the vol-forum. I don’t want to start another journal so this will be my contemporaneous shit-repository.

 

[samuel11]

I'll give you part of the picture. I am also long 50 Aug VX futs.

I remain short 50 VX for Aug, but that’s allocated to my short vol in skew and against a large index bull call with a large marked gain. Basically way too much shit.

Which is it? Or did you flip after a gain on Friday?

 

[destriero]

Which is it? Or did you flip after a gain on Friday?

lol I am stating that the 50 futs are already allocated to those SPX calls. Obv an imperfect hedge but I nailed the SPX entry.

 

[Overnight]

lol I am stating that the 50 futs are already allocated to those SPX calls. Obv an imperfect hedge but I nailed the SPX entry.

Please keep us as apprised as you can through the evening as you work in the NQ short hedge.

 

[destriero]

I called a couple of dealers and they suggest a quiet opening.

 

[destriero]

I remain short 50 VX for Aug, but that’s allocated to my short vol in skew and against a large index bull call with a large marked gain. Basically way too much shit.

I realize this has nothing to do with overwrites but I am reconciled to posting only to my own threads and in the vol-forum. I don’t want to start another journal so this will be my contemporaneous shit-repository.

I am LONG 50 VX AUG (implicitly short SPX delts).

 

[easymon1]

How Nube Can I get? How bout this -
How do I pull up the Options Chain for this on IB? LONG 50 VX AUG?
Thanks
Rube Nube

 

[destriero]

There are no FOs for VX (VIX futures).