Is there a good app/plugin that will work well with ib/excel for evaluation of these 3D surfaces trades to visually assess reward/risk for these combo Px-Volat trades?. I'd hate to write my own.
VIX trade for 8/18 exp
- Thread starter atticus
- Start date
why would you copy my trade without knowing what it is, i am just experimenting with vix/vxx options as noted. vxx was close to vix spot(~40) while future was well below spot, so figured i sell the put on future and long the vxx put.
The requirement is way too high since it's treated as a naked short on vix not a spread and didnt behave as i expected, got out with a ~$100 loss and switched over to atticus 20-50 fly using calls.
VIX Sep11 20 Call * CBOE VOLATILITY INDEX 5 $14.12 $14.30 90.00
VIX Sep11 35 Call * CBOE VOLATILITY INDEX -10 $3.74 $2.70 1,040.00
VIX Sep11 50 Call * CBOE VOLATILITY INDEX 5 $1.06 $0.45 -305.00
If you want to blindly follow, follow atticus trades
i am so sorry you lost $200 because i recommended this trade by saying "dipping my toe in this vix thing..trying out some trades". Next time i will be sure to set an outlook reminder so I can remember to post my exit on those 1 contract trades just in the off chance someone might be copying. Do you also want me to paypal you the $200 you lost?
I am definitely not the one you should be following, actually even atticus is not good enough. You need the invincible #1 trader on ET named forexforex. Just do a search for his name and he will gladly take you under his wings.
Atticus: Must find a way to morph these calendars with something that has more deltas as the trade progresses...any suggestions?.Quote from SrRuthenate:For some stupid reason, maybe too much alcohol, I can't wrap my brain around the reward-risk profile of these SPY calendars, and when to exit them, roll them, etc. I'm getting old fast.
Dynamically ratio-ing the calendar perhaps?. (Shooting ideas out there).
It's going to cost you in vol and price to add to the position once you're up on marks. Say you were long a put outright; would you add to the put position or attempt to add a "stop" through a conversion to a vertical?
There is nothing magical about a calendar. You need neutrality along with the bump in vol to see the outsized return.
So yeah, ratio the calendar to neutralize a bit of gamma, but do so from the outset.