atticus' "ship it" vol trading journal

Long the Appl Nov 50 60 70 fly for .55...
Will double up at .25

 

That's a cheapy!

 

It's like hitting a hole in one, that's why it's so cheap.

 

..


I'll bet against your pessimism... hitting a hole in one is doing a five wide and having it expire at the short strike that far out of the money

 

I thought you had left this site. Or are you going to modify that post?

 

Oct 23 for iPad Mini unveiling.

 

AAPL fly at 9.25 mid, up 0.50 from entry.

 

Nice. I would be prone to covering that and working the 35 (neutral).

 

I'll gladly take the opposite side of your trades. Just make sure to call them within a few minutes of execution so I have a fair chance to make the trade.

 

I'm still holding those 640 calendars so I am neutral to 635, albeit they're showing a slight loss. Also, still in that 640 Dec fly. Going to sit tight for now and see what happens towards the close.

I like the 615/635/655 fly if I was initiating a new position.