My option trades

Quote from atticus:

lol

That's still a binary as the 725s will be at <$1 if this thing trades even $5 lower on the report. Why not trade a single 700/750/800 May18 call fly at 11.00?

I have three from 11.00.

Edit: Ryan, you should try a delta-fly now and then as it reduces the necessity to hedge AH (which you're unable to do). Like the V trade which would've been a massive winner AH had you been able to lock in shares.

The PCLN 700/750/800 fly 11 contrasts to the 700/750 bull spread at 24. You lose the unimodal delta, but the fly performs far better under 1sigma up/down. The fly is better than a double at 750 while the vertical cannot match that gain.
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Out at 13.40.
 
Quote from babutime:
05-10-12 09:52 AM

closed the PCLN fly for about $150 loss...
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babutime ...... Your PCLN 725/785/845 "fly" concept was good with the strikes $60.00 apart, only flaw was that it was OTM. My advice, based on your original idea was to move a leg ITM and try the 665/725/785. I believe Atticus convinced you to go with the 700/750/800 with strikes $50.00 apart instead. Below are the results of both trades.



Screenshot-2.png

PCLN 665/725/785 fly.



Screenshot-3.png

PCLN 700/750/800 fly.



:)
 
Quote from qqqoptions:

babutime ...... Your PCLN 725/785/845 "fly" concept was good with the strikes $60.00 apart, only flaw was that it was OTM. My advice, based on your original idea was to move a leg ITM and try the 665/725/785. I believe Atticus convinced you to go with the 700/750/800 with strikes $50.00 apart instead.
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Way to go posting results after the fact. 665? There was no 665 on the weeklies you goof. Not to mention, you never once suggested the 665 strike be chosen from next week's expiration.

Now lets see some of your profit and losses? Should I remind you how you blew up with GMCR while I scored almost a 10 fold recently on GMCR?

Oh, wait, it was simply in your watchlist- the only person who can covert positions from a watchlist and vice versa...
 
Quote from babutime:
Way to go posting results after the fact.
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I posted within 20 minutes of your post. Which is very fast considering I had to first view your post then get the screen shots upload and organized.

Quote from babutime:
665? There was no 665 on the weeklies you goof.
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I never said there was. Both trades are May 19, take a look at the screen shots.

Quote from babutime:
Not to mention, you never once suggested the 665 strike be chosen from next week's expiration.
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Yes I did.


:)
 
Quote from babutime:

closed the PCLN fly for about $150 loss...
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Sucks. I was going to work the 700Cs at 697, but then we rallied to 703 and the spread went 13.80 bid.
 
Quote from atticus:

Sucks. I was going to work the 700Cs at 697, but then we rallied to 703 and the spread went 13.80 bid.
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The May skew is still quite elevated compared to the rest. I wonder what they're implying here. I'm tempted to buy some May puts but just not sure...
 
Quote from babutime:

The May skew is still quite elevated compared to the rest. I wonder what they're implying here. I'm tempted to buy some May puts but just not sure...
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Well there's a week left. I wouldn't imply too much other than it's grossly inflated, but the smile is v-shaped so you're not going to find a fly that looks good.

The Jan13 730 straddle looks good to short at 176 mid.
 
Quote from qqqoptions:
05-09-12 12:43 PM
One leg should be ITM. Go with the 665/725/785.
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Quote from atticus:
05-09-12 12:57 PM
You're like aversion therapy. Do not go within $5 of neutral as you're paying for that privilege.
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So how did the PCLN 700/750/800 work out compared to the PCLN 665/725/785? One of them did significantly better than the other, would you like to guess which one?


:)
 
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