My option trades

[newwurldmn]

Quote from qqqoptions:

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?

You're so smart.

 

[atticus]

Quote from qqqoptions:

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?

The 700/750/800 won as your 665/725/785 was not listed/strike did not exist.

 

[qqqoptions]

Quote from newwurldmn:
You're so smart.

The credit should go to babutime, he came up with the original fly that needed some tweaking.

Quote from atticus:
The 700/750/800 won as your 665/725/785 was not listed/strike did not exist.

Both are May19.

 

[atticus]

Not to belabor AAPL, but I am long the 60/70/80/90 condor from 3.00 risk and it's still sitting at 3.50. The May18 vols are ridiculous.

If you're not in that then you should be. It will be at 5.00 by Monday's close. I would go up to 10% of account on this one.

 

[Doobs789]

Quote from atticus:

Not to belabor AAPL, but I am long the 60/70/80/90 condor from 3.00 risk and it's still sitting at 3.50. The May18 vols are ridiculous.

If you're not in that then you should be. It will be at 5.00 by Monday's close. I would go up to 10% of account on this one.

Looks good. Your previous condor in the weeklies should be fairing well also.

* I have a May18 570/590/610 Fly from yesterday @ 4.6, right now about 5.80 mid

 

[atticus]

Quote from atticus:

Ryan, sorry to hear about your mom.

I am long over 100 each the 550/590/630 and 570/590/610 flies in AAPL for May18. $16.20 and $4.40 at risk, respectively. The rationale is a 200-300bp drop in realized vol on the hold. Stock gave back the gains, so I expect we trade to 77 tomorrow, but will touch 90 by Friday.

Looking for 2.00 on the narrow fly and 3.50 on the wide.

Way too much overlap/exposure. Also have the weekly condors. Offset at 20.00 and 5.60 respectively.

 

[Doobs789]

Quote from atticus:

Way too much overlap/exposure. Also have the weekly condors. Offset at 20.00 and 5.60 respectively.

So you're just holding the condors now?

 

[atticus]

Quote from atticus:

Long the AAPL 570/75/80/85 weekly condor at 1.00 risk.

Out at 2.20 moments ago. Sh*t fill.

Only remaining AAPL position is the 60/70/80/90 May18 condor (short gamma) from 3.00 risk.

 

[babutime]

Quote from atticus:

Out at 2.20 moments ago. Sh*t fill.

Only remaining AAPL position is the 60/70/80/90 May18 condor (short gamma).

when you close your combos do you close them as combos too? sometimes it's such a pain in the ass trying to do so and I end up negotiating the price too much.

But then closing individual legs seems to do the trick albeit I won't claim there's a significant edge in doing so. To close my PCLN fly, I simply couldn't get a decent fill so I closed them individually. I hate that. Got any good tips atticus?

As for the AAPL condor, I think I'll paper trade that one in TOS, as good as it sounds. I don't think I could handle a large swing in either direction in the next few days

 

[atticus]

Quote from atticus:

Paid 1.30 for the SPX 60/70/80 May17 fly. Becoming more enamored with the zero gamma positions.

The thing is up 1.00 mid since entry.

Edit: 2.80 mid now.