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My option trades
- Thread starter ryanpatrick
- Start date
So a backbone vol move (volcor) vs skew implied vol cor? Sent you a PM about that...Quote from atticus:
We will see a rise in the strips/vix (all strikes rise) on a touch of 1370 which is mitigated by the skew. Derman would say that a stationary vix (in the move to 70) would result in a lower 70-strike vol on a touch (than is reflected in the 200bp skew).
In the morning I bought back half of the WMT MAY 55P @ 0.22. And just for fun I also put on a small position of short WMT MAY 60 straddle @ 2.60, willing to get assigned the put side.
I don't trade anything with share prices under $70. I'll see if anything looks good in AMZN. Metrics-wise that company scares me.Quote from babutime:
Ahh!
I raised the vol in this analyzer in TOS... while the PnL at the 70 strike drops a little it's not too bad.
BTW, AMZN and SBUX are reporting in a few hours. Anybody trading these?
Quote from atticus:
I actually like it a lot here at 7.20 mid. I am long the fly (max PNL at 1370) from 7.20 average. I don't think you can wrong with it. No more than 5% of portfolio. The SPY fly (34/37/40) is $0.68 mid, but you're holding an additional session (morning SET vs. close for SPY). I would probably take the discount and trade the SPY, but I am in the SPX.
Ugh, down 1.50 marked. I will hold it only because it's flat to gamma.