So I take it you don't like the trade. How do you come up with that figure? (FWIW I also bought the 555 calendar for 4.50, so I am flat vega)
No, I like it fine. I would use the price as a SL figure, but I don't think that >$570 is in the cards. The ATM 15-wide was 2.70 bid last Friday at the open, if memory serves.
see you guys have been at it.. i've been looking at a dec MA 450/480/510 iron... i'm staying away from weeklys, i think jan might even be better.. these front month/week expiring flys are to much for me to manage.. i need to personally get a little better understanding of where on the term structure might be a better placement considering my lack of ability to forecast.. i had a general idea that this downtrend would break at least temporarily. the action in apple looks unmanageable to me. sharply trending down , and jumps..
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Hey cd, from looking at your Hoadley screenshot, you need to change the risk free rate and the pricing model (to binomial American)
Well, I closed out yesterday the aapl, as two verticles, since I thought I would keep part of spread as a verticle and also closed out the /cl in parts since it was going against me as price was rising to 89. Still long 1 /cl 92.5 call. lost >3000 on the cl tAndroid BOT +1 3/4 BACKRATIO /CLF3 1/1000 JAN 13 /LOF3 82.5/86.5 CALL @-4.68 tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95 tAndroid SOLD -10 VERTICAL AAPL 100 DEC 12 520/530 CALL @6.28 CBOE tAndroid SOLD -5 VERTICAL FB 100 DEC 12 20/23 CALL @2.34 PHLX tAndroid SOLD -3 VERTICAL GLD 100 DEC 12 160/165 CALL @4.00 PHLX tAndroid BOT +10 VERTICAL AAPL 100 DEC 12 530/540 CALL @6.93 CBOE tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95
Well, I closed out yesterday the aapl, as two verticles, since I thought I would keep part of spread as a verticle and also closed out the /cl in parts since it was going against me as price was rising to 89. Still long 1 /cl 92.5 call. lost >3000 on the cl. frustrating since cl was such a nice up move yesterday and should have been an easy long trade. tAndroid BOT +1 3/4 BACKRATIO /CLF3 1/1000 JAN 13 /LOF3 82.5/86.5 CALL @-4.68 tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95 tAndroid SOLD -10 VERTICAL AAPL 100 DEC 12 520/530 CALL @6.28 CBOE tAndroid SOLD -5 VERTICAL FB 100 DEC 12 20/23 CALL @2.34 PHLX tAndroid SOLD -3 VERTICAL GLD 100 DEC 12 160/165 CALL @4.00 PHLX tAndroid BOT +10 VERTICAL AAPL 100 DEC 12 530/540 CALL @6.93 CBOE tAndroid BOT +2 VERTICAL /CLF3 1/1000 JAN 13 /LOF3 86.5/92.5 CALL @2.95