atticus' "ship it" vol trading journal

Yeah, very ugly. I am incompatible with this ticker. $655 or so, and will be out today if we don't print a bull-reversal.

 

I haven't decided what I will do. I haven't been hedging it so I'm running a fair amount of delta right now. This had been one of my most profitable tickers. This trade however, was larger than most I do so it's set me back.

 

We'll touch 660 today... will that be enough? (will be for me)

 

It will help. Not enough for break even. In an environment like this a week is an eternity so I will need to model his better.

will improve my pnl by about 1/2 the loss. however i'm long enough vol that 1 vega drop across the curve will cost me that pnl.

 

drop from 674 to 58- 60 area would have been spot for a bounce, did not hold and now headed for 645-42

 

Out of GOOG fly at 6.80. End of positions in this thread.

 

Performance to date: -12.1%. Peak +40.0%.

 

To not pollute your other thread:

BBY Nov Dec calendars look attractive. Slight vol debit, but huge catalyst in Dec.

 

Thanks. Hit up the new thread (next time)

Edit: BBY reports on the 20th.

 

Expy the 17th and old CEO expected to make bid in dec. before expectation was 24-26 now it's unclear wha if any. Either way vol stays bid.