riskarb's trading journal

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Quote from riskarb:

Long 10,000,000 GBPJPY from 210.25; short the 7/20/06 214.20 touch at $1,000,000/1,410,000 payout.
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Spot is flat from entry and + a bit on the no touch. Earning $2,000 in carry at 50:1, $4,000 at 100x. I may include my carry basket going forward.
 
> Quote from riskarb:
>
> SPX double barrier: 1215//1290
>
> SPX double: 1215//1290
> Premium: $478,000
> Payout: $1,000,000 [includes prem paid]
> Expires: June 29, 2006
> Negative edge: a lot
> Strike/barrier volatility: blended
> Initial Hedge: NA
> Symmetrical hedge: NA
> Vol edge/atm: NA

Nice Riskarb...

I had this thought... if/when you do barrier exotic positions, maybe you just post the vehicle and the strikes but no expiration and premium and payout. That way there may be less chance of someone gunning your barrier? I do like seeing the barrier trades ...

Different question: Do you have an opinion on the SOX index at this time? I think it's going up and may do some kind of vanilla bullish call vertical.
 
Quote from frisbeeca:

> Quote from riskarb:
>
> SPX double barrier: 1215//1290
>
> SPX double: 1215//1290
> Premium: $478,000
> Payout: $1,000,000 [includes prem paid]
> Expires: June 29, 2006
> Negative edge: a lot
> Strike/barrier volatility: blended
> Initial Hedge: NA
> Symmetrical hedge: NA
> Vol edge/atm: NA

Nice Riskarb...

I had this thought... if/when you do barrier exotic positions, maybe you just post the vehicle and the strikes but no expiration and premium and payout. That way there may be less chance of someone gunning your barrier? I do like seeing the barrier trades ...

Different question: Do you have an opinion on the SOX index at this time? I think it's going up and may do some kind of vanilla bullish call vertical.
More...

Only my dealer would attempt to gun my barrier, and there is little I can do about that. I don't have much of an opinion on US Semis now that I am 100% in forex. I have some cash allocated to index, but currently idling. I'll take a look at the SOX tonight.
 
GBPCHF 227550 July 12th no touch; $1,000,000//$1,450,000 payout. Long 60,000,000 units from 226215avg against the no touch. Somewhat bullish GBP here. 226162 last print.

+$8,000 in daily carry on 60mil.
 
Quote from IV_Trader:

so you will trade FX exotics only from now ?
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No, but the vast majority will be FX. I will run an index exotic today towards the close.
 
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