atticus' "ship it" vol trading journal

I am flat vol to 1450 on paper. It's a bunch of flies and 1:1 calendars. MA is the journal trade.

 

Totally unrelated but atticus are you trading QCOR vol in any way?

 

I had to look up that ticker, so no. lol. Can you add some color?

 

Vol is up 112%. Free money. I'd love to be short gamma in a stock like that.

 

Thanks, I'll take a look ad try to reco something here.

 

SPX Oct 1400/1450/1500 Fly, teamed up with some 1450 calendars, 2:3 ratio, low net vegas

AAPL 6.45 now, I kind of want it back.

 

Oct 25/35/45 fly for 3.00 or better. Not to only reco flies, but you have no choice here. Too much overhead so 35 should contain it, and the fly will remain bid down to 25-26.

A virtual vol-lock here with the fly. 2.75 mid on the calls.

 

You F, you talked me out of that! Honestly though, the 250k invested in the teeny call write was a dumb allocation, so I spread it off against the 720s for 0.26 and closed share hedge at a gain of $2.

So I am short the 15/20 call spread from 1.65 and a gain of $2 on stock.

 

Could you translate this for the non-options traders?

 

I think you trade with IBTWS right?

QCOR -> stock

Then quote the fly:

QCOR -> combinations -> option combos -> ("strategy" template) -> butterfly -> calls -> start with 25 strike in first box. 35 in middle, last box will populate with 45C.

You buy the call fly by clicking the offer and entering limit price. Go a dime or 0.15 above mid.