Riskarb's combo to fly conversion journal

Quote from IV_Trader:

B , it's a very good trade , I did the same on ISRG few times , as long as you not shorting report vols ( and you are not). Watch the APR vols go to 40th as soon as they post the report day . This will happens sometimes in the mid-end of March. The only problem is a high SI , sometimes stocks just goes up with no reasons.
More...

here we go... report date is posted and APR vols is in the free fall , under 40.
 
OK so what about shorting the combo to fly. With the vols so low on CME I BOUGHT 2 strangles (cme was at 125) thinking that the IV will increase like 500 BP in the next 2-3 weeks. Is this my 4th stupid play this year? I can take it I have 2 vodka tonic's in me:p
 
Quote from DonnaV:

OK so what about shorting the combo to fly. With the vols so low on CME I BOUGHT 2 strangles (cme was at 125) thinking that the IV will increase like 500 BP in the next 2-3 weeks. Is this my 4th stupid play this year?


I'm not really comfortable holding onto wasting assets so with a strong upward movement in the underlying here is what I did this am

3/23 BTO 420/430 CME strangle.........-19.20
3/27 STO 430Put................................ +7.10
STO 430 Call X 2......................... +40.30
BTO 440 Call.............................. -14.5

Holding what I "think" is a short B-fly long 420P /440C
short 430P&C

max gain would be premium I've netted $13.70 but not sure what loss would be...TOS has a $2 hold on BP so I guess thats the loss....
More...
 
Update: Magna has banned my riskarb and highfreq handles as of this morning. I'll post one final update to chat as well, but this is my official, final-post on any ET trading forum. :)

Email to my riskarb at gmail account is read daily for those that want to keep in touch. It's been fun and I've actually learned a lot as well.

riskarb
 
Quote from riskfreq:

Magna has banned my riskarb and highfreq handles as of this morning.
More...
No, Magna did not ban your highfreq alias. And, yes, it was banned this morning. I don't know the exact reasons as I didn't do the banning, but it might have something to do with the violation of ET policy against multiple aliases, the flaunting of the recent riskarb ban (by signing riskarb at the bottom of many highfreq posts), the fact that it makes little sense to ban a user and immediately allow him to post under another alias, etc.

At riskarb's request his other journal has been closed and this one has been left open for on-topic discussions.
 
Quote from DonnaV:

Quote from DonnaV:

OK so what about shorting the combo to fly. With the vols so low on CME I BOUGHT 2 strangles (cme was at 125) thinking that the IV will increase like 500 BP in the next 2-3 weeks. Is this my 4th stupid play this year?


I'm not really comfortable holding onto wasting assets so with a strong upward movement in the underlying here is what I did this am

3/23 BTO 420/430 CME strangle.........-19.20
3/27 STO 430Put................................ +7.10
STO 430 Call X 2......................... +40.30
BTO 440 Call.............................. -14.5

Holding what I "think" is a short B-fly long 420P /440C
short 430P&C

max gain would be premium I've netted $13.70 but not sure what loss would be...TOS has a $2 hold on BP so I guess thats the loss....
More...

so I guess there is no one left to comment on my trade:( I've decided Mikey and I will take a trip out to SF and Tahoe this fall (our own version of sideways:p) and will look you up...I've really appreciated your help...best:cool:
More...
 
You must log in or register to reply here.
Back
Top