one/off

[atticus]

Quote from atticus:

Out at -2.25.

Short 3 from 68.25 as hedge to outstanding equity positions.

Out all at 65.50. +0.50 but essentially a scratch. Longs signaled, but will sit on existing long deltas.

 

[atticus]

Long the SPX Dec monthly 1100/1200 risk-reversal from 3.00 to the sell. 3-lot. Marked to 3.20CR mid. Small credit due to delta-position. Looking for an 8-point gain.

1165 SPX last.

 

[atticus]

Quote from atticus:

Long the SPX Dec monthly 1100/1200 risk-reversal from 3.00 to the BUY. 3-lot. Marked to 3.20CR mid. Small DEBIT due to delta-position. Looking for an 8-point gain.

1165 SPX last.

Edited typo.

Long R/R is 5.00 mid.

 

[newwurldmn]

Quote from atticus:

Edited typo.

Long R/R is 5.00 mid.

You are selling put or buying it? I see the call over. So you must have sold the put... but just confirming. Does this mean you are bullish as your other positions in this thread are long delta as well?

 

[atticus]

Quote from newwurldmn:

You are selling put or buying it? I see the call over. So you must have sold the put... but just confirming. Does this mean you are bullish as your other positions in this thread are long delta as well?

I just closed it at a scratch. Vols have come in a little on synthetic (time) due to the holiday. Out at 3.00.

Yes, the opening trade was long the call and short the put.

 

[newwurldmn]

Quote from atticus:

I just closed it at a scratch. Vols have come in a little on synthetic (time) due to the holiday. Out at 3.00.

Yes, the opening trade was long the call and short the put.

I'm pretty long delta as well. I am not having a great week.

 

[atticus]

Quote from newwurldmn:

I'm pretty long delta as well. I am not having a great week.

Sorry to hear.

Down 0.3% on current positions (marked to mid).

 

[newwurldmn]

Quote from atticus:

Sorry to hear.

Down 0.3% on current positions (marked to mid).

It happens. I had one fly on: SPY Dec 114 134 callfly. I cut the 124's and the delta equivalent of the 114s. This fly was my biggest position (100% notional). I have the same delta, but took some premium off the table and now stay long convexity if we rally hard. So a smaller position with a cleaner risk profile.

Interestingly the same timevalue as the original position.

 

[atticus]

Short 3 ES from 69.50 as a weak hedge.

 

[atticus]

Quote from atticus:

Bought to open the AAPL Dec 55/80/05 fly at 8.00. 10% of account.

I'll post account metrics (screenshots) going forward. Shooting for a double by the end of 2012 at a MAR/Calmar of 10. IOW, a double is targeted at a DD not to exceed 10% (peak to trough). I will stop the journal if I take heat in excess of 10% over the period.

Blue for opening positions. Red for closing a position at a loss. Green for closing a position at a profit

Out at 8.10 on all. Current mark is 8.20 mid.