atticus' single-name delta book

great..aapl

 

Out 11.20 (30 mid) for $0.35 net as I am accumulating too many deltas.

 

Paid $42.25 risk (41.92 mid) for the GOOG 600/670/740 fly for Dec. Need something passive and neutral in GOOG. 7% allo.

 

Paid $16.80 (65 mid) for the AMZN 200/230/260 fly for Dec. 5% allocated. Good chance of a touch of neutrality in the next 5 days.

 

Paid $3.75 (72 mid) for the FAS 102 put calendar at 3% allocation. Gains at a pin approach the fly, so I prefer the long vola.

 

Paid 559.11 average on AAPL spot against my ATM fly. 5% allocation in cash (2.5% req).

 

A lot of trades today. I'm tempted to do something in AAPL, but I'll wait for the close. I'm still apprehensive to be short gamma in that one currently.

EDIT: Just saw you hedged the aapl fly

 

The biggest co in the known Universe is up 10% trough to peak in less than one full trading session. Yeah, best to stay away. I was up a bit on the calendar but down some on the fly. I will hold the hedge through expiration or a touch of 552.

 

My thoughts exactly. But to completely contradict myself; I like the 545/560/575 put fly for 4.60.

 

FWIW, the ATM 15-wide fly trades at 2.50 to 2.70 at the open on ex-day at current vola.