donnapland

Pretty much stuck here - but I expected that with MBLY. Very challenging market - but I knew that going in - and I'm trading it for that reason. These kinds of trades remind me why I don't trade illiquids.

Trade management has to be flexible, opportunistic, creative. We'll see if I can get out or just muck things up.
 
Been
donnap said:
Very challenging market .
More...

Yeah right, "challenging." Been working that order off and on since yesterday AM. I liked the MBLY trade for about a day and soon came to hate it.

So lining up the sides.

Long 3 Sep 26 47C @ 2.35 and 100s @ 49.75

Short 4 Oct monthly 50C @ 3.00 and + 4 Oct monthly 50P at 3.20

Assuming the 47s assign, long 400s @ 49.45 short the forward at 49.80 or a gross profit of 140. Was closer to 200 yesterday. Bah.

Mostly done, maybe, if so, adios MBLY. Just watch for pin risk at 50 near expiry.
 
donnap said:
Long 3 Sep 26 47C @ 2.35 and 100s @ 49.75

Short 4 Oct monthly 50C @ 3.00 and + 4 Oct monthly 50P at 3.20
More...

So, with exercise of the 47Cs, this will turn into a conversion.

+400s, -4 Oct. 50C, +4 Oct. 50Ps monthlies.
 
You must log in or register to reply here.
Back
Top