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

I am referring to trainwreck guy commenting on this journal elsewhere on the site. It will force his hand in "trading" his fantasy shit, so I an elaborating. VZ the @trainwreck who lost money in 2017. A year that the SPX was up 20%.

 

I know you understand the derivation. It's for all your minions/spammers.

 

Out 20.80. I will structure a symmetric 231P fly from scratch. +12%.

 

Paid 3.60 for the GOOGL Jul27 1100/1150/1200 231P symmetric fly.

 

but that one is a 2/3/1 as you already did often. was this what you wanted ?

 

By "symmetric" you are referring to symmetric strike width (50 wide), not risk profile up/down (which is unbalanced)?

 

yup, symmetric refers to strikes. Obv the 231s with the 2/1 strike width are symmetric w.r.t. PNL.

 

I was going to take the 1190 calendar (long put) and use that as source of the Jul27 1110/1150/1190 put fly when the front week call went off. I decided to go ATM with the 1100/1150/1200 instead.

 

You're holding this through the report?

 

Yes, that was the intent behind the Jul27 series. Obv the calendar would've been closed, but I'd always wanted to do the 40 or 50 wide.