Unrealized PL in the last several days: -5 > -70 > -54 > +23 > +45 >-52 back to negative, not surprising given -8% SLV today
sorry, i misread your postions - it appears you are short front gamma and long june strangles a 1:1. Out of curiosity, why did you do them in this ratio?
This is pretty funny. Margin req's didn't increase due to volatility. They increased because the higher silver goes the more people will flock to it and use it as a currency instead of the paper the Fed hands out. The Fed had everything to do with this.
all done by eye, not using any formulas here. basically, i wanted wings far away so that they don't cost too much and at the same time limit my losses to a reasonable amount in case of a large move in SLV.
Not at all. It's also a measure of inflation and the Fed has to manipulate the markets in the interest of their earlier statement of controled inflation with the exception of the volatile food and energy prices.
my bet is that the front month volatility will diminish so i am short May straddle. i expect that June volatility won't be affected as much and my Long straddle does not decay too much. i am also betting that SLV will trade ~May strikes around Expr.