Haha, someone here bought the GOOG asym and just covered at 24.00. Filled 20 cents off of mid. Good job.
https://www.dropbox.com/s/q5var12g880uo57/2014-09-23_1036.png?dl=0 Out 23.55 bid (24.22 mid). Expect a bit of recovery from these levels.
I've got to leave in a bit. I want to be flat for the next few days. 25.70 out at the bid on the NDX 4000/4070/4105: https://www.dropbox.com/s/cj71eiik3iiuyhd/2014-09-23_1055.png?dl=0
Dropbox is down. Out of the SPY 132, Oct monthly RUT and Oct2 NDX: SPY at 2.83 bid RUT at 24.90 bid NDX at 77.20 bid Flat -- no positions. I will show PNL to date in a few hours.
Primary (chronological from entry): VXX 132: scratch (2 tick gain) SPY Sep26 132 calls: buy 2.43 offer/sell 2.83 bid -- 16.4% gain on debit NDX Sep25 132 calls: 17.00 filled/sell 25.70 bid -- 51.1% gain on debit *FB 132: half-position 2.75% gain on debit SPX Sep26 132 calls: buy 23.20 offer/sell 28.65 bid -- 23.5% gain on debit RUT Oct6 132 calls: buy 28.65 offer/sell 24.90 bid -- (11.7%) loss on debit NDX Oct3 121 puts: buy 75.50 offer/sell 77.20 bid -- 2.2% gain on debit GOOG 231 puts: buy 20.50 offer/sell 23.55 bid -- 14.9% gain on debit *FB accounted for at half-size 99.2% gain on debit; 9.92% gain on portfolio at 10%; 4.96% gain on portfolio at 5% Hedges: NQZ4: -13 points (0.26%) loss on portfolio QQQ: $188/$100K notional; (0.19%) loss on portfolio 9.47% return on portfolio at 10% allocation on primary trades. PTTDD: 1.17% -- less that NBBO width. Gains >8x risk. Zero commish
yes that fb trade was nice. tell me, what set you up for that? how did you work vol into it? or was the plan just a straight delta bet with some theta for good measure? im looking into doing more long dated asym fly's for a touch after seeing how that played out.
I don't think much of the FB trade -- it was a 5-day solve on distribution. It wasn't a loss, but I was accumulating too many upside gammas for comfort, overall. Not in FB, but index. FB wasn't helping the situation.
It's very, very hard to trade a 2-10 wide (NBBO) fly at mkt when you know that you can go 30-60 cents (buck in NDX) off-mid and receive a fill. Timing is everything.