atticus' "ship it" vol trading journal

Stock is going lower now. I'm adding to the Oct fly here, puts. Already in the iron.

EDIT: Filled in the iron, nixed the puts

 

The Oct fly is my largest single name position.

 

Bad close for the Sep fly. Got to sell stock.

Covered short ES at 1455

 

Flipped it when we broke 452. Out of the journal fly at 3.85. Source of funds for the Oct 400/450/500 iron from 31.20 risk.

 

Performance to date: 12.9% after comms.

Single position in the journal account. MA Oct 400/450/500 fly (short gamma) from 31.20 risk and to limits of account.

This position won't require a lot of chatter as it's low g/t.

 

Ugh, yeah wish I did the same, didn't get out in time.

 

Sucks. I am leaning bearish so I had to do it. Predicting a touch of SPX 1453 tomorrow, which will be injurious to that Sep fly. Couldn't keep it with that outlook.

 

Yeah I shorted more ES. Perhaps we should revisit those 1450 flies/cals

 

I am going to short more vola in MA for work account, so get them on while the gettin' is good. I will begin to hammer away at 10am EDT.

 

Just before close with the QQQ at $70.50 I checked out the 70/71 strangle - only $0.21. Puts for $0.14, calls $0.07. Tomorrow this will be a tad cheaper. iPhone on Friday, so this might be an interesting play for Thursday just before market closes, and exit on Friday.