the commissions as i have stated round trip at IB are 36.96 or .03695... Roughly 4 cents... So if you entered this spread at -.13 your breakeven would be -.09305.. but sense this trades in increments of .01 .. i rounded up to a 4 cent round trip... I do believe you can make this... but i'm not sure the single fly wouldn't accomplish the same thing.. I'll do some analysis in the coming weeks... I was asking if anyone else had experience with this
by the way guys... I did put those kmn flys on at -.12 and -.13 ... I closed them at -.07 for profit... i haven't looked at the double flys to see how well they faired... but i was also told that it would be hard to get filled on those in crude without an autospreader..
so just as a reference... KMN has reverted back from -.07 by -.08 to -.10 by -.09 before i could get a quote from KMNQ double fly... KMNQ is trading at mid of -.08 right now.. so i imagine with a my commissions being .04 cents for a round trip i could have gotten more then that for the double fly spread when i sold the kmn fly for -.07 ... I still really haven't heard from anyone with experience trading these... I'm guessing the KMNQ structure is slower and liquidity has to come to Q for it to start to stablize... any ideas?