atticus' "ship it" vol trading journal

I am also in the AAPL 540/640/740 Dec fly from yesterday (39.70). Think we drop to 615 on the report, but the vol will come in and we'll see 46-48 on the fly.

 

In the AAPL fly at 39.65 risk (irons)

In the GOOG fly at 4.90 risk (irons)

 

Niiish!

 

Are you assuming that we will get a smile effect with an increase volatility or that just one wing of the the fly's volatility will substantially increase depending on the earning's announcement direction?

 

not alone painful trade today.

 

Well wtf. All in 20/45/70 in the AAPL Oct monthly fly for the journal. The bottom is in (at least into earnings). Paid 7.35 (25 mid). Hua.

 

Weekly Fly is around 11.00. Regular Oct expiry is around 7.25

 

Sorry, edited. Was thinking about GOOG again as I added to it.

 

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I know what a box is... so your scalping the shorts on a box depending on price action

 

Cool Thanks