Destriero's single-name vola journal (riskarb; atticus; et al)

Condolences Beck

 

Figure would keep thigns going until B gets back since we have not had actual options or VIX trading detail discussed in a while. I don't trade with the same frequency as dest but we can keep it going until his return. Will update current position below.

 

Still in this but added more. Average is still -0.05 credit.

Current mark is -.06/-.09 so down a few tickies but this was not a quick trade for April.

EDIT: Pic did not repost so this is the -August/Sept/-October VIX FLY (1/2/1)

 

My condolences.

 

I am ignoring trades 5, 6, 7, 8 as I didn't post follow-ups. They were profitable, but it wouldn't be fair to revisit them.

Dest5:

A trade in AMZN for a taxable account. Long 20 deltas on a 10-lot from 15.40 marketable. Short 50 shares against from 1751.

 

Dest5 AMZN fly went off at 15.80. Up a buck on spot.

 

FWIW, I think we'll see 21 on this trade by Monday's close. Net (including short shares).

 

I like the trade. I'm in NDX fly of same duration. Of course NQ futs are up.

Perhaps street-vol is the place to be here. Index just seems to gap up w/o any respite. Whereas you can sell v/g in a given single name when it's at major levels.

 

Added 100 short from 1754.

 

That was a wise decision.