atticus' "ship it" vol trading journal

11.58 mid, 12.20 offered.

 

Filled at 12.00

 

I would buy 10-shares per contract in spot (but can't for the purposes of the journal) here at 672.40.

 

Good man. More of a stop on time than price. Would like to see 668 as I expect the fly to see demand at that print (straddle drop/slight vol drop). A tough one into the IP5 release.

 

I also like the GOOG 665/690/715 weekly (calls here) fly from 11.00 (10.60 mid). I'd go with calls as the microstructure will benefit the call fly slightly <690. I own it as the iron but would probably go with the calls. Obviously preference.

 

Nice, I was just looking at a similar goog fly as you posted

 

AAPL SEP 14 '12 + 660 - (2)675 + 690 Call Butterfly filled at 3.32

i totally noob3ed it on the fill! ...

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Not to derail your thread but I'm guessing 10.95 11.58 12.20 is the bid/mid/offer for all three components of the fly. How do you post an offer of 12.00 when you are trading different contracts? Or does it just cross the market on all three when you can get 12.00?

 

Those quotes are for the whole package

 

No, it's the fly NBBO.