atticus' "ship it" vol trading journal

I'm in both the 585 and 590, albeit the 585 is a larger position. I kind of want to add to it again here.

Also in the SPX 00/30/60 Nov09 Fly (irons)

 

Closing half of the SPX fly at 11.25 (in at 10.45)

 

I am short the 3x1 Dec PF at the 1375 strike. 2*ATM combo is 120 mid. The PF credit is 110.00. Risk to strike at a flat surface is $10.00. Risk to rise in strip, but gains from contamination. A decent kink. Futures at 1426 here.



Not a journal trade.

 

Out of the Dec fly at 6.10. Performance to date: 40.0% gain.

In the 565/585/605 from 5.70 calls. This is the Nov 16 monthly. Balls deep.

 

Do you compound the gains/losses? So if you are up 20%, the next trade is 1.2x the first trade?

 

Closed the rest at 11.45.

Source of funds for Nov09 1410/1435/1460 for 8.00 (calls), half the size though

 

Yeah, compounded. I use all available capital, up to practical limits (excluding fractional, obviously).

 

Hey, 40% in two months, I'll take that. Nice trading sir.

 

Are you naked short on this? maybe part of a dispersion trade?

 

I run the dispersion in naked in OTM ES puts and ITM single-name calls. This is just a play on distribution that I don't like very much right now. I will cover it if we're under 1405 tomorrow.