VIX trade for 8/18 exp

[atticus]

Quote from newguy05:

are you planning to hold to expiration? it seems i always close them too early in fear of getting pinned at expiration, this time plan to stick it out a bit longer.

Pinned is optimal as it's cash-settled.

 

[HeraclitusDemo]

Quote from atticus:

Pinned is optimal as it's cash-settled.

Isn't it a bit adventurous to hold to expiry for a pin at 35 when the market volatility can increase in a very short few days and not necessarily stay at 35?. The Cohodas Paradox comes to mind. Is the time decay worth it in this case?.

 

[atticus]

Quote from HeraclitusDemo:

Isn't it a bit adventurous to hold to expiry for a pin at 35 when the market volatility can increase in a very short few days and not necessarily stay at 35?. The Cohodas Paradox comes to mind. Is the time decay worth it in this case?.

I dunno, ask your other nick.

 

[HeraclitusDemo]

Quote from atticus:

I dunno, ask your other nick.

He asked me to consult with you.

 

[HeraclitusDemo]

Merciless multiday drop just ahead in ES. Heraclitus is weeping, Democritus is laughing.

 

[atticus]

Quote from HeraclitusDemo:

He asked me to consult with you.

hahaha, out the remainder of the 20/50 fly at 10.20. Expected a bit more.

 

[HeraclitusDemo]

Quote from atticus:hahaha, out the remainder of the 20/50 fly at 10.20. Expected a bit more.

Nice trade. Sorry for trying to influence you.
At least we know there are 3 real traders in this thread: Atticus, Heraclitus and Democritus. hehe.

 

[atticus]

Quote from HeraclitusDemo:

Nice trade. Sorry for trying to influence you.
At least we know there are 3 real traders in this thread: Atticus, Heraclitus and Democritus. hehe.

Fly flipped on delta so no mas.

 

[HeraclitusDemo]

Quote from atticus:Fly flipped on delta so no mas.

I saw later that you were on the "other side" at 33-34, so I figured you'd be safe even if a bit stubborn.

 

[HeraclitusDemo]

Quote from atticus:Maggie!

Do you know her?. I want to know her.