Riskarb's combo to fly conversion journal

Quote from IV_Trader:

That,s impossible , the reporting month (MAY) is not exists yet , first day MAY option's will trade will be 3/20.
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not thinking of Apr/May cal...looking at April combo (buying) then converting in legs to b-fly

edit...then again I could buy the April Straddle and once Mar exp is over sell the May if IV rises...but that I think is getting too complicated as well as risky
 
Quote from DonnaV:

not thinking of Apr/May cal...looking at April combo (buying) then converting in legs to b-fly

edit...then again I could buy the April Straddle and once Mar exp is over sell the May if IV rises...but that I think is getting too complicated as well as risky
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April ? Why would April vols rise ?
 
Quote from DonnaV:

earnings....
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I am lost , Donna... CME always (so far) reported after 25th (this would be MAY ), April expiration are on 4/21 , why would you buy April ?
Anyway , good luck with the trade.
 
Quote from IV_Trader:

I am lost , Donna... CME always (so far) reported after 25th (this would be MAY ), April expiration are on 4/21 , why would you buy April ?
Anyway , good luck with the trade.
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actually last year March quarter earnings were reported on April 26th so I'm just assuming it will be abt the same time. Thanks I'll take it slow:)
 
excellent gamma scalping (long stock+put) on GOOG in the last month , price is moving 30% above standard div (using daily hi-lo).
Riskarb , anything else good out there ?
 
This is considerably off topic, but after following a great thread by Bolter on Market Profile I had a thought (scary, but true). I was wondering if anyone has noticed any correlation between cumulative volume/market profiles and likely expiration prices. Could this possibly help in choosing fly strikes?

Cheers!
 
Quote from Arb Under Par:

This is considerably off topic, but after following a great thread by Bolter on Market Profile I had a thought (scary, but true). I was wondering if anyone has noticed any correlation between cumulative volume/market profiles and likely expiration prices. Could this possibly help in choosing fly strikes?

Cheers!
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Absolutely. Longer term MPs are great for strike selection.
 
Quote from IV_Trader:

excellent gamma scalping (long stock+put) on GOOG in the last month , price is moving 30% above standard div (using daily hi-lo).
Riskarb , anything else good out there ?
More...

I am bull-delta in aapl70, goog360, isrg95, oih140, sox520, and a few others. Long about 3000d currently.
 
What about SLB, it keeps popping up on my screen for teh short ITM straddle, which is bearish bias I guess. I am gonna look into it now but any thoughts your way on it? I mean APR.
 
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