atticus' "ship it" vol trading journal

You serious? I wasn't. Seems a tad risky. But hey you're up so far.

 

I am doing it small.

 

Fair enough, I'll play. I might put something back on in AAPL, I still like being short a few deltas there.

 

Why not wait until the new weeklies tomorrow? Sell a 700C for Oct to get some skin on the game until tomorrow's open.

 

I'm thinking the stock has a good chance of bouncing hard like BPT and EDU did a while back. This would lose if the stock traded around 35 and 45 no?

 

Yeah good idea. A little too much gamma in regular Sep for my taste.

Also, taking a shot here; short ES at 1457

 

I don't see much risk of a close over $35, but vols will drop massively. You actually have a pick-em here on vega vs. delta risk.

 

In at 3.00. Got burnt on this f-er in one of my intraday MR strats earlier today, so it owes me...

 

I think you'll get 4.00 by Tuesday.

 

So you bought 1 25C sold 2 35C and bought 1 45C for a net credit because you believe any rally will be muted to tomorrow but IV will tank enabling you to sell the position soon at profit?