Dest's Everything Journal

DestEight:

Long (short) the MAY10 NFLX natural (iron) 350/370/390/410 condor from 16.00 (4.00) risk. The natural is 15.9 mid. Short 15D per contract.

Color: IV/RV >1; and I want to be short spot here. R/R sucks but the strikes are wide.

 

Marks up on all open trades.

 

MTM up two points on stickiness <<61.50>> :bow:

 

Small losses early in the week, but pulled out a win. +2.21% for the week.

 

Vols remain bid here. 56.2 mid marked.

 

17.2 marked.

 

-Long the SPX May10 2875/2925/3000 352 iron fly from 37.15 risk.

Since you have to 2x, to reduce to 1-lot risk, it's = -75.75 / 2 = 37.875, 75-wide - 37.875 = 37.125 risk

 

Current Marks:

Entry:

 

Bought the 7300/8100 strangle at 43.2 for a risk of 107.9 on the 7300/7700/8100 synthetic fly. Natural fly is marked to 186.5. MTM gain of 78.6 NDX points/contract.

 

Shorted 7700 straddle at 335.3
Bought 7300/8100 wings at 43.2
Risking 107.9 on synthetic 121 fly

335.3CR + 43.2DB = 292.1CR
292.1CR + 400DB (width) = 107.9DB NDX risk