Rosebud

Discussion in 'Journals' started by nitro, May 11, 2015.

  1. nitro

    nitro

    CL "FV" only a bit higher from here, $57.30.
     
    #31     May 28, 2015

  2. forgive me nitro; but how are you trading OVX? i trade vix futures exclusively and i see OVX as delisted ; or suspended since may expiration.
     
    #32     May 28, 2015
  3. nitro

    nitro

    Typo, "S CL" is correct.
     
    #33     May 28, 2015

  4. since i posted its confirmed OVX no longer trades..so giving u the benefit of doubt that u are actually trading; tell me your OVX (which are the vol futures of an index u cannot trade) is some kind of synthetic approximation of a defunct oil vix future? i'm really not busting ur balls..this is my playground so it piques my interest.

    https://www.google.com/url?sa=t&rct...=Ec1aLijttBAdjYvA-hJ4Cw&bvm=bv.93990622,d.b2w
     
    #34     May 28, 2015
    Ghost_of_Blotto likes this.
  5. nitro

    nitro

    S CL 59.10. The ratio is now 3:2 OVX to CL
     
    #35     May 29, 2015
  6. nitro

    nitro

    CL "FV" ~57.00
     
    #36     May 29, 2015
  7. nitro

    nitro

    I never post trades in futures or options since then I would have to constantly post the roll. This has been true for at least 10 years since I decided to this here. So I post in indeces. For example, I don't post ES trades, but SPX or SPY trades. The rounding errors are trivial compared to the profit targets and holding periods. Sometimes the rounding error works in my favor, others against. It all evens out in the end to minuscule amounts.

    Yes, it is a synthetic. An obvious way to do it is sell the OIL JUN 10/15 call spread and an OIL JUN 15/20 put spread ( Butterfly, weighted slightly to the upside. Whatever the front months happens to be...The strikes centered strategically around "FV")

    http://www.marketwatch.com/investing/stock/OIL/options

    This is essentially all "VIX" does anyway, albeit with many more strikes and less flexibility.
     
    Last edited: May 29, 2015
    #37     May 29, 2015

  8. i hear you; although if i had a journal i would say i'm doing this options straddle to replicate a bias in oil vol because there are many ways to attempt it. this is why i only trade the futures curve for bias's..its a lot cleaner and direct.
     
    #38     May 29, 2015
  9. nitro

    nitro

    Short Lumber $275. The model is in the very early stages, so the minimum number of contracts to get my feet wet.
     
    #39     May 29, 2015
  10. nitro

    nitro

    Summary of current positions:

    1. S [OVX] 32.90 }
    2. S [CL] 59.10 } 1 & 2 are paired trades in a ratio of 3:2
    3. L [Silver] 16.75
    4. S [Lumber] 275.00 } Small, experimental trade
     
    #40     May 29, 2015