Vol-trading for beginners

NoahA · Mar 30, 2021

destriero said:
long size in ES 3942.

Turning out to be a great call. Do you have a target or hold time?

destriero · Mar 30, 2021

NoahA said:
Turning out to be a great call. Do you have a target or hold time?

13150 NDX touch = out ES for me. I'll trail 3940, but day sesh only (no overnight stops). I will not hold it thru the wknd.

destriero · Mar 30, 2021

Out at 40, -2.

destriero · Mar 30, 2021

I am also short the NDX APR 16 13000 combo from 531 (synthetic in calls).

destriero · Mar 30, 2021

Still a decent day

destriero · Mar 31, 2021

I went flat today. Out all at 13140 basis NDX. Out of my SPX 4025 cal, out NDX bull combo. I still have some May tech SN vol.

destriero · Mar 31, 2021

Up roughly 2% since the ADR reversal. I should have been up more, but I inverted delts on the NDX combo and didn't reach neutrality on the SPX 4025 calendar. I was long NQ as flipping deltas became probable.

destriero · Mar 31, 2021

Vol took a shit at the close.

donnap · Mar 31, 2021

Hi destriero,

With the NDX spreads and combos, I'm assuming that you enter with one order; no leg in.

How are the fills?

Would it be wise to start at mid, and then give a little to get the fill?

destriero · Mar 31, 2021

donnap said:
Hi destriero,

With the NDX spreads and combos, I'm assuming that you enter with one order; no leg in.

How are the fills?

Would it be wise to start at mid, and then give a little to get the fill?

They are good. I usually trade synthetics when possible, and I did here, but t he spreads are comparable to SPX (notional to notional).