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Old Aug 29th, 2012, 11:58 PM   #7
diaoptions
 
 
Join Date: Aug 2011
Posts: 392
What is PDT? Is that Pacific Daylight Time?
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Old Aug 30th, 2012, 12:03 AM   #8
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
The put fly is slightly priced different then the call fly because of the borrowing costs related to short stock? Is that the rate differential your talking about
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Old Aug 30th, 2012, 12:07 AM   #9
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
Quote:
Quote from diaoptions:

What is PDT? Is that Pacific Daylight Time?
pattern day trade restriciton
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Old Aug 30th, 2012, 12:31 AM   #10
diaoptions
 
 
Join Date: Aug 2011
Posts: 392
Quote:
Quote from cdcaveman:

pattern day trade restriciton

Oh I see .... I had to Google it. And the reason I never heard of it is because it only affects accounts with a balance of less than $25,000. I didn't realize that some ET members had such low account balances.

Do you have support services in your area to help you out? Such as food banks, night shelters, places for some warm soup? I hope your OK.
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Old Aug 30th, 2012, 01:13 AM   #11
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
Quote:
Quote from atticus:

Well they're rates arbs at that point so there is no need to offset. Just choose wider/narrower flies if you continue to trade the same ticker. It may get a little hairy to keep track of many embedded flies.
. What's the point of nesting flys inside flys.. I'll have to that to make sense of it
.
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Old Aug 30th, 2012, 09:45 AM   #12
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,867
Quote:
Quote from cdcaveman:

. What's the point of nesting flys inside flys.. I'll have to that to make sense of it
.
So you're not needing to unwind the various boxes.
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