atticus' "ship it" vol trading journal

Thanks, Mental. I'll get back to your PM.

Out of the AAPL flies as I think we'll rally a bit on AAPL. I'll post another journal trade by the close.

Gain of 0.40 on the AAPL flies, net (14.10 out, 14.20 mid) on the trade to neutral.

Performance to date: -5%.

 

MA fly (non journal) fly is up to 34.50 mid.

 

All in on the GOOG Sep/Oct 760 calendar long from 15.85 (70 mid) with puts and calls. Free ride on Oct vola but selling a $7 figure on the weekly put. Unlikely to be held to weekly exp.

 

The front month calendar within the report is again in the $5-6 range for ATMs. Not a journal trade, but the Oct/Nov 750 cal is a good bet on the binary. There is no vol-risk in the trade, pure distribution (priced in gamma). I've got some on at 5.60 to the buy, but small as a result of the binary, not a journal trade.

 

I am going to stick with the AAPL fly for now. I am also still in the flies and cals in MA neutral to 455. But I know you can only be in one position for the journal.

Liking the new GOOG trade.

 

In at 16.00 on the puts. Will probably bid for more.

 

It's gained a bit on deltas. Also, I'd look to offer that MA fly on a trade >$36.

 

Added to the GOOG cal at 15.50. Yeah, I have an order out to offer the MA fly.

 

haha, nice fill as it's 16.00 mid as I type this.

 

Thank you sir. Had to take advantage of that dip and reduce my cost basis a bit.