atticus' "ship it" vol trading journal

outspread?

 

yes. just a putspread or a put.

Why trade 4 legs unless your view specifically requires it.

 

because i like to make things more complicated then they should be.. haha idk your right.

 

yeah your trade doesn't seem like the best way to be short nov vol to me. i think the ps is much better for u

 

+ BOT 2 VIX NOV 20 '12 - (2) 18 + (1) 20 + (1) 14 Put Combo -0.25 USD SMART OCT 22 14:34:08 OptTrader null


+ SLD 2 VIX NOV 20 '12 - (2) 18 + (1) 20 + (1) 14 Put Combo -0.05 USD SMART 13:50:51 8.87 null

and i'm out.. 20 buck isn't anything when you pay that kind of commission..

 

As expected…LNKD moved few points AH in sympathy with FB report. Great scalping

Now…let’s see this crazy vola ramp

 

+ BOT 1 FB OCT 26 '12 19.5 Straddle 2.43 USD SMART OCT 23 15:56:14 OptTrader 1.38 null

little bit of a short squeeze i would guess.. i thought there was a little to much pessimism built in..

 

lol yes. Talking smack to IV who is an oligarch (at least in net worth).

 

So what are the apple trades going through earnings

 

expected move from 30-35 so take that from 615 gives you 580, I like selling put spreads defined risk. like the selling the oct weekly 570/580 put spread, vol is around 100%, tomorrow should trade 30%-40%.