NDX Oct16 3900/3950/4050 231 asym in puts. Someone in my family has this already. The mid is close to fill quality here at 20.15 to 0.20: https://www.dropbox.com/s/b243mhlix7da2my/2014-10-02_0932.png?dl=0 This would be a 5% reco on allocation.
Will go outright long in delta1 when the Px takes out the three-bar high on this chart. https://www.dropbox.com/s/t11bqmx28s8nqos/2014-10-02_1225.png?dl=0
Did you long any of the indexes? Ndx at 4030. Is this more of a hedge for the NDX Oct16 3900/3950/4050 fly in case market moves up.
I did, that chart opened 5 over the 3-bar high equating to 1947 ES. It's not relevant to the journal, but I wanted to show where I was getting long. I am not concerned with the NDX asym. It's a distribution trade like a longer-duration narrow fly. I don't typically hedge those and it's reasonably small at 5%.
GOOG out 8.20 mid/FV. 0.23 microstructure on open, 0.29 on close. 8.20 less 0.52. 7.78 off. 20% gain on debit.
I covered GOOG on the inversion and portfolio delta, but I do think it's still a decent trade. I simply can't hold the inversion with the current NDX deltas.