Vanzandt vs. Destriero Trading Competition

Leaning towards neg delta?

 

I am short 20D SPX, 6D NQ, 13D GOOGL.

 

What is the reasoning behind negative delta/vega going into tomorrow?

 

Will earn on vega, may lose on delta. We'll see after the report. These are one lots on $105K.

 

Maybe he fancies himself the house.

 

vanzandt's MTM PNL to date.

These are all MTM figures taken at mid. There were no trades in the SYMC and the NBBO is wide AH, so I priced the conversion to arrive at a mid, which matches the AH mid:

100 BAC Jul6 29C from 0.34 ($3,400)
20 CGC Jul20 25C from 5.00 MTM 5.30 mid +$600
25 VMC Aug17 135P from 8.40 MTM 7.80 mid ($1,500)
30 SYMC Aug17 19C from 2.00 MTM 2.43 mid +1,290
20 MGM Aug17 27C from 2.23 MTM 2.25 mid +$40

No covers. MTM: vanzandt holding a loss of $2,970
destriero's MTM gains of $4,676
Dest's lead: $7,646

 

vanzandt bailed and banned me from his thread, so there is no wager, but he's intent on stating BS like "it's another great day" when he's been on the plus side of the ledger for one day. He's down 3%.

 

Bot one ESU8 at 38.25 to open a position.

 

DESTVZ1: L 4 GOOGL Jul6 1087/1125/1200 231 puts from 43.75 EOD 43.55 OUT 35.85 (3,160)
DESTVZ2: L 20 TSLA Jul6/13 340 put calendar from 3.48 OUT 3.58 $200
DESTVZ3: L 10 AAPL Jul6 180/185/195 in puts from 5.87 OUT 5.90 $30
DESTVZ4: S 4 SPX Jul9 2650/2680/2770/2800 iron from (6.45) OUT 7.70 ($500)
DESTVZ5: L 12 SPX Jul3/9 2715 put calendar from 7.8 OUT 9.05 +1,500
DESTVZ6: L 10 SPY Jul9 272 puts from 1.95 OUT 3.34 +1,390
DESTVZ7: L 3 SPX Jul9 2675/2700/2750 231 in puts from 10.75 OUT 14.35 +1,080
DESTVZ8: L 2 ESU8 from 2724.00 OUT 2716.00 ($800)
DESTVZ9: L 1 ESU8 from 2720.75 OUT 2708.75 ($600)

($860) to date. Flat positions.

DEST10: L 3 GS Jul13 200/225/237 132 in calls from 14.82 OUT 18.33 +1,053
DEST11: L 4 BA Jul13 300/340/360 132 in calls from 23.65 MTM 26.52 +1,148
DEST12: L 3 AZO Jul20 600/680/720 132 in calls from 44.55 MTM 48.35 +1,140
DEST13: L 1 SPX Jul9 2630/2730/2780 132 in calls from 53.45 OUT 60.20 +$675
DEST14: S 5 SPX Jul6 2640/2670/2760/2790 irons from 4.60 OUT 1.80 +1,400
DEST15: L 2 GOOGL Jul13 1070/1140/1175 132 in calls from 30.40 OUT 32.40 +400
DEST16: L 2 GOOGL Jul13 50/60 call verts from 4.05 OUT 2.55 ($300)
DEST17: L 1 SPX Jul6 2730/2770/2790 132 in calls from 9.35 OUT 9.55 +20
DEST18: L 1 SPX Jul9 2680/2720/2800 231 in puts from 46.70 UNCH
DEST19: L 1 GOOGL Jul13 1085/1125/1205 231 in puts from 42.25 UNCH
DEST20: L 1 Jul13 NQ 6750/7000/7500 231 in puts from 270.00 UNCH
DEST21: L 1 ESU8 from 2738.25 to open. UNCH


Closed positions + existing MTM: $104,676
76% hit-rate. 5x risk.

 

My only concern while looking at the open positions is AZO upside if we get a bullish NFP. I'll cover tomorrow if we gap higher on news.