Adam's Vol Edge Trading Journal

Discussion in 'Journals' started by Doobs789, Jan 24, 2020.

  1. Doobs789

    Doobs789

    Hi all. Let's start back up again...

    AAPL Apr17/Apr24 280/287.5 Call Diagonal for -0.06 credit
    AAPL Diag.JPG
     
    #191     Apr 9, 2020
    eternaldelight, .sigma and contra like this.
  2. Welcome Back!
     
    #192     Apr 9, 2020
  3. Doobs789

    Doobs789

    Added more @ -0.11 cr
     
    #193     Apr 9, 2020
    .sigma likes this.
  4. There seems to be a certain delta symmetry to the short premiums to your iron flys as in (Abs delta short call plus abs delta short put equals 1.00). Of course, the net delta varies in the short option part of your IC, but I was wondering what your thought process was behind structuring your iron condors this way.
     
    #194     Apr 12, 2020
    .sigma likes this.
  5. .sigma

    .sigma

    very nice trade! Loooking forward to your trades, I may piggyback!
     
    #195     Apr 12, 2020
  6. Doobs789

    Doobs789

    You’re reading too much into it.
     
    #196     Apr 12, 2020
    .sigma likes this.
  7. Doobs789

    Doobs789

    AMZN Apr17 2025/2100/2250 231 Iron Fly from 69.50 risk (80.50 credit)

    AMZN 2100.JPG
    I bought 5 shares of stock per fly from 2130. I have 2 flies, so long 10 shares.

    AMZN Trade.JPG

    I will probably play this one pretty tight. I think the trade has decent edge, but I am not that comfortable being short AMZN. Famous last words...
     
    #197     Apr 13, 2020
    Magic likes this.
  8. Magic

    Magic

    Good stuff. I like getting short vol after the rip, and since AMZN should probably slow down as it reaches ATH. Went with an IC. Miss chatting with you Doobs!
     
    #198     Apr 13, 2020
    .sigma and BeautifulStranger like this.
  9. Doobs789

    Doobs789

    Thanks. Not looking good here though.
     
    #199     Apr 13, 2020
  10. Doobs789

    Doobs789

    Trade is gone @ 60 risk (90 cr). Shares @ 2175. FML.
     
    #200     Apr 13, 2020