atticus' "ship it" vol trading journal

Long the AAPL Dec 555/585/615 put fly from 5.90 risk (5.80 mid), all-in. Won't be an exciting hold as it's a Dec position. I'll update some other vol-specs on here outside the journal account as well. I expect the monthly VWAP to be ~592... but didn't want to carry that much delta. I went with puts simply as I expect the body strike to be OTM near expiration, worth maybe a nickel on microstructure.



Thanks to Baron and Magna for cleaning up the sh*t.

 

I am 100% allocation in the journal account, but it's small (well <100K). In normal production accounts I use Kelly after determining the vol or price edge. I am never above 20% per name/40% in portfolio risk. I was up ~30% in October on portfolio.

 

You're in both the 585 and 590 for Dec in the journal?

 

No, that's (590) a small non-journal trade, as I waited until the close to move any size and it was too far from neutrality. I am in from 10.00 and up on it, but it's not for this account.

 

Hi,
would it be out of the realm of possibility to charge for participation?

I would pay for Atticus knowlege and an asshole deterrent

 

Journal fly is up 4% on the day.

 

Yep looking good here at 6.25 or so. The 590 fly (non-journal) is to, 10.80 now.

 

I am out of the 690 this morning from 10.75. Up six-bits.

 

Oh yeah? I still like it here. I think there's plenty left in it.

 

My largest single name position is in the 685 now. Irons in the main account and puts in the journal account.