atticus' "ship it" vol trading journal

455 strike?

 

Edited, yeah. I think we touch 455 today or monday, so I expect that it's a rolling position as we approach Oct LTD. IMO, it has the potential to cut that debit in half through rolling weeklies at 450 or 445s before Nov report.

 

I have a black box that pegs GOOG to a VWAP of 430 over the next week. It works to either wing, so not concerned about the position. I own the call fly.

 

Fair enough. I just got in (irons) at 2.50 risk. Looks like I can better price now.

 

ATM vola down 10 handles to 94 in Oct.

 

That's a good call.

Why the calls in GOOG?

 

Trying to get the 455 put cal at 14.00.

I also like a 455 weekly fly though

 

Calendar has rallied 20-30.

 

Call fly? Because I think we VWAP under 730 and the fill may be a little tighter. Also, I didn't want to work the iron.

 

Just got into an Oct MA 405/455/505 Fly for 32.64 risk (irons)