My option trades

Ahh!

I raised the vol in this analyzer in TOS... while the PnL at the 70 strike drops a little it's not too bad.

BTW, AMZN and SBUX are reporting in a few hours. Anybody trading these?

 

So a backbone vol move (volcor) vs skew implied vol cor? Sent you a PM about that...

 

Yup, within a sigma or so I think it holds. (no pm rec'd).

 

In the morning I bought back half of the WMT MAY 55P @ 0.22. And just for fun I also put on a small position of short WMT MAY 60 straddle @ 2.60, willing to get assigned the put side.

 

I don't trade anything with share prices under $70. I'll see if anything looks good in AMZN. Metrics-wise that company scares me.

 

I wouldn't touch AMZN here. Vol is reasonably cheap. Perhaps some long strangled OTM calendars weighted 9:8 to the short-leg.

 

Liquidity reasons or the rebalancing costs? You definitely get more vol of vol on lower-priced stocks, in my experience.

 

The latter, but you're certainly correct on vol.

 

Ugh, down 1.50 marked. I will hold it only because it's flat to gamma.

 

Anybody think the SBUX report might be leaked?