Riskarb's combo to fly conversion journal

Quote from riskarb:

MNX? The bid/ask vol-spread and comms are the only significant factors when choosing fungible index markets. I haven't looked at the execution vols, but the NDX beats the Q^4 and MNX on count-2.
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yes, that is it. thank you !

surf
 
Quote from riskarb:

ACL looks excellent. Wish I'd played it; will look to enter the 25 or 30 tomorrow.
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The static-expectancy[vol & share price] on the 4-way is +$3.77.

(body 7d decay) + (wing 7d decay);

So that the converted fly should express $3.77 in edge over the marked-fly. This is nearly best-case, but a drop in vols would add some edge.
 
Bee-ach LOL...As usual you got in at an IV higher than me lol. The price has come down thanks to some theta and I expect the stock to keep holding here in anticipation of earnings next week. So by Wed or Thu I will either take a small profit or convert.

Quote from riskarb:

Short ACL Feb 125 straddle at $9.75 and 41% vol
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mo....whats a fungible index market?:confused:
Quote from riskarb:

MNX? The bid/ask vol-spread and comms are the only significant factors when choosing fungible index markets. I haven't looked at the execution vols, but the NDX beats the Q^4 and MNX on count-2.
More...
 
XOM's good news has pushed OIH higher so I will be following closely to see if I want to take the whole thing off or convert to spread for potential price pullback as expiration gets closer. If that is the case I may just let it ride and get out if OIH hits $161, my expiration breakeven point.

Another candidate for you riskarb:

BMHC @ $81 with $80 straddle at 55% vols, not extraordinarily high but high since NOV. Earnings due on 2/7. Just looking for now, no position.
 
I decided this was a good candidate but at 75 so thru a bid on a one lot straddle on my new paper trade account...didn't get filled and I even gave a dime to the MM:D:D imagine on a paper trade...how real is that!
Quote from optioncoach:

XOM's good news has pushed OIH higher so I will be following closely to see if I want to take the whole thing off or convert to spread for potential price pullback as expiration gets closer. If that is the case I may just let it ride and get out if OIH hits $161, my expiration breakeven point.

Another candidate for you riskarb:

BMHC @ $81 with $80 straddle at 55% vols, not extraordinarily high but high since NOV. Earnings due on 2/7. Just looking for now, no position.
More...
 
Disk failure on my bbg machine, but I have it on my laptop as well, so I will scan tonight and post a list of tickers. Missed the weekend, but vols will remain bid into the fed. You may want to consider selling an atm index straddle tomorrow near 2pm EST -- either an NDX or an RUT/ER2. I have access to the Nas Comp on the exotic side, so I will trade a 14d synthetic-exotic on COMPQ.
 
Quote from riskarb:

Disk failure on my bbg machine, but I have it on my laptop as well, so I will scan tonight and post a list of tickers. Missed the weekend, but vols will remain bid into the fed. You may want to consider selling an atm index straddle tomorrow near 2pm EST -- either an NDX or an RUT/ER2. I have access to the Nas Comp on the exotic side, so I will trade a 14d synthetic-exotic on COMPQ.
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you need a list of tickers ?
 
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