I would start a journal but figured nobody would read anything about options in that forum. I'll outline some concentrated positions in ATM index and OTM constituents in short dispersion. Realize that this is very dirty so I am hesitant to even include the word. Short OTM puts in constituents, long ATM hedge. Will be structured as diagonals, but inter-market. Some of the positions will included many tickers and approach a dispersion book (or not). Many of these will be pure vol and delta bets as well.