Last pitch fork worked - trying another

donnap · Aug 8, 2014

Good trade. I forget how the PFs are used to measure. Measure against ATM straddle?

Does a potential edge come from a put skew or directional or a combo of the two?

convexx · Aug 8, 2014

donnap said:
Good trade. I forget how the PFs are used to measure. Measure against ATM straddle?

Does a potential edge come from a put skew or directional or a combo of the two?

Timing is critical as with any trade. Best to go to the thread or I'll be repeating most of what is out there: http://www.elitetrader.com/vb/showthread.php?t=244704

I am planning another today by the close. We'll see.

donnap · Aug 8, 2014

Thank you. Excuse the tired laziness, please.

convexx said:
Timing is critical as with any trade.

Yeah, no doubt. Pigs get slaughtered ;-)

convexx · Aug 8, 2014

I did the Sep monthly in the last hour at 290 and that is the NBBO for the close:

Sep 3775 P/C at 3x1 for a credit of 290.

scr12 · Aug 8, 2014

Could you give color on your strike selection in this last trade?

In your previous thread, you had mentioned that you prefer to go first strike that is outside of the ATM combo.

Thx and appreciate your posts

convexx · Aug 8, 2014

scr12 said:
Could you give color on your strike selection in this last trade?

In your previous thread, you had mentioned that you prefer to go first strike that is outside of the ATM combo.

Thx and appreciate your posts

Yeah, ideally (at least that far), but I am going long the mkt here.

scr12 · Aug 8, 2014

convexx said:
Yeah, ideally (at least that far), but I am going long the mkt here.

Ok Thanks

convexx · Aug 9, 2014

VIX will drop nearly a point on Monday, but I will short 1 NQ per PF in the weekend sesh.

koolaid · Aug 10, 2014

convexx said:
VIX will drop nearly a point on Monday, but I will short 1 NQ per PF in the weekend sesh.

You are brave shorting this market

convexx · Aug 10, 2014

koolaid said:
You are brave shorting this market

The NDX PF is massively long mkt, short strip and skew.