Last pitch fork worked - trying another

convexx said:
VIX will drop nearly a point on Monday, but I will short 1 NQ per PF in the weekend sesh.
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The PF is currently long 18 deltas, would you consider executing the short NQ hedge when it flips delta at ~3917 Monday?
 
Well, it's certainly a hedge. But it may be a tactical move. He might be playing a dip and then reestablish the long, or close, or somewhere in the middle. It pays to be flexible. Opportunistic. Of course, it also pays to sit on your hands sometimes.

I'm in a similar situation with CL, via ratio spreads/write, except that I'm neutral at 97 - so only slightly short here.

I see the possibility of a pop overnight. But I don't know yet if I'll trade it. I want to build size so we'll see. I'll short the UL sometime early this week.

I don't follow NDX, but if it's inverse to oil then I'd consider short, then long.
 
nvroy said:
The PF is currently long 18 deltas, would you consider executing the short NQ hedge when it flips delta at ~3917 Monday?
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I don't expect to see 3917 now. Perhaps, but I'd rather be neutral here.
 
$262 mid. The combo is imploding. I am tempted to cover at a $2,500 gain per contract, but I'll let it work through the weekend if possible.
 
convexx said:
$262 mid. The combo is imploding. I am tempted to cover at a $2,500 gain per contract, but I'll let it work through the weekend if possible.
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Yeah, that makes sense. Not sure of the extent of the hedge, but it sounds like you are essentially short a bunch of NPs now.

Looks likely that you'll pull a good profit out. When you say per contract, I assume you mean per combo + hedge.

OT, did you hold EXAS?
 
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