Correct but I got more sidetracked...price was above 2820 a while and plenty of time to enter but dest was distracting me all day....
Post your vol-trade here
- Thread starter destriero
- Start date
Sold S1 it for 19.75. P/L with comms: -1,050
Hedging gains: 720
Net P/L: -330
Attribution by Greeks for S1:
Delta: -1,044
Gamma: 943
Vega: 226
Theta: -1,007
Unexplained: -155 which I attribute to a larger Theta loss
Now long S2 STRADDLE /ESU8 1/50 AUG 18 (Wk3) /EW3Q8 2810 CALL/PUT @45.75
You keep chugging!
@destriero
Look at this trade for me on MED. I did not put it on but recorded prices of Calendar before market closed since earnings are now and wanted to know if you have used cals with wider months to get bigger profit spread.. HUGE vol skew. Current stock price is middle slice. The other two are default 1 sigma ToS has. Purple line is snapshot today but I did not get a chance to load graph of modelling vol collapse which would push it up a lot.
Look at this trade for me on MED. I did not put it on but recorded prices of Calendar before market closed since earnings are now and wanted to know if you have used cals with wider months to get bigger profit spread.. HUGE vol skew. Current stock price is middle slice. The other two are default 1 sigma ToS has. Purple line is snapshot today but I did not get a chance to load graph of modelling vol collapse which would push it up a lot.
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MED popped to $205 initially on the earnings news which is a huge jump but still in the profit zone I believe once I model the volatility drop. Going to do that now. This may be a helpful exercise for those playing along at home to see how vol skews and calendars work. As I write this last trade was 196 so the pop is coming back. here is the analyzer with vol decrease in 5% steps:
Even at $196 this position would profit nicely. Too bad was out and got back late (I am outside U.S. and in Central Time zone so forgot at 3:20pm market was already closed but posting this for educational purposes.).
If front vol comes to even 70% and MED is below $200 this is a good trade.
Even at $196 this position would profit nicely. Too bad was out and got back late (I am outside U.S. and in Central Time zone so forgot at 3:20pm market was already closed but posting this for educational purposes.).
If front vol comes to even 70% and MED is below $200 this is a good trade.
I typically go consecutive as the vols get hammered. I am shorting this here at 228.
vols came down but stock shot way past upper BE point. I would still hold for pullback and maybe sell SEPT puts against it to reduce debit. VOLS seem to drop down to 50-60% in front month. Will keep tracking even though not a filled trade. Was expecting $200 at the most on high end but lets see if this fades off after the pop.
Great short. Still going to monitor the cal hypothetical position as stock will hit $200.
I have other candidates popping up will post them here.
I have other candidates popping up will post them here.