Post your vol-trade here
- Thread starter destriero
- Start date
Long /ESU8 1/50 AUG 18 (Wk1) /EW1Q8 2805 CALL/PUT @40.50 (from 7/19)
Currently marked at 27.75
Hedging gains realized since trade: 410
P/L: -240
Current positions:
/ESU8 1/50 JUL 18 (EOM) /EWN8 2805/2800 PUT @.75
/ESU8 1/50 JUL 18 (EOM) /EWN8 2820/2825 CALL @.40
I hedged the gamma poorly so far...
Currently marked at 27.75
Hedging gains realized since trade: 410
P/L: -240
Current positions:
/ESU8 1/50 JUL 18 (EOM) /EWN8 2805/2800 PUT @.75
/ESU8 1/50 JUL 18 (EOM) /EWN8 2820/2825 CALL @.40
I hedged the gamma poorly so far...
Why futures options and not index, out of curiosity?
More trading hours (even considering ext. hours for SPX). I'm usually busy at work during the day and enter my trades in the evening. Also, I am hoping to capture moves, so it's better if I can trade 23/5 and have limit orders in place.
Regardless of your options (SPX, SPYs or ES), you'd be hedging your delta in futures which you can trade round the clock. I don't see, however, why you'd trade futures options instead of index based on that reason alone.
I don't hedge with futures. Otherwise, I agree with you.
With other options. So for example, if ES goes up x pts, i will buy a short-dated OTM put spread instead of selling futs. I am aware that I am adding more Gamma and neg Theta... but that's what I want to do
What I am ultimately betting on is my ability to pick the strike and cap of these hedges to do better than a simple futs hedge.
Ugh, okay. I assume you have a very nice commission schedule?With other options. So for example, if ES goes up x pts, i will buy a short-dated OTM put spread instead of selling futs. I am aware that I am adding more Gamma and neg Theta... but that's what I want to do
