Thank you.
[ATTACH] NDX Want to -hedge vega risk without leaving the expiry of the core position. -do it in a way that has a ramp up in the -10% range...
Thank you. Here are the strikes. [ATTACH] It's a variation of a BWB that carries very low gamma at a cost of carrying very negative vega. I...
Didn't make sense? I guess I need to know more about what's not making sense about asking for a creative way using puts to deal with vega risk in...
How would you work to limit vega risk with these greeks? This is a BWB. Calendarizing the upper long looks very attractive, but I worry about...
Check out www.travelsandtrades.com. Patrick is an ex pro poker player who now trades options (and travels with his family) full time. His blog...
Using this pullback to close this mistake with a scratch and re-evaluate. New position coming soon.
T+0 line as of 10:40 CDT. Call doing all the heavy lifting in the P&L, thankfully because the above f*ck up happened so early in the trade....
It occurred to me yesterday afternoon that the above decision was made based on me accidentally using the Delta number projection as the Gamma...
After today's move down to my short strikes, I examined the position and saw some minor Gamma risk to the downside. I rolled the 1520 flys down...
Decided against doing anything after today's Fed induced kick in the nuts. Market action essentially corrected my Delta for me. Delta and Gamma...
I'm slacking big time on this thing. I had forgotten how much an infant can be a complete normalcy destruction machine. The most recent trade...
A few moves with no journaling the last few days' my 2nd son was born. Whirlwind times! On the spike last week I rolled up my 1540 to 1590, and...
Just checking in. Have to reiterate that I love this trade. I was as calm as a Hindu cow during the Fed's rate decision, even with the price of...
Out of curiosity, why not play an asset that allows you to take wider stops without needing to risk as much? I switched from trading ES and NQ to...
Damn it all with these price spikes. My vega turned positive today, and so I had to think about what to do. Because of the low volatility, the...
OK, fixed the June entry. June 10-20-10 fly with 50 point wings, body at 1540, roughly 30 points below current price. Greeks: [ATTACH]...
Hey all Have not posted in awhile sorry. Been very busy with current job and new baby on the way. Wanted to check in. I closed this trade...
Link? Or is it spread out all over the place?
Can you elaborate a bit on what you mean by "roll a few pyramids"?
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