Registered: Mar 2007
08-30-12 09:02 PM
Quote from cdcaveman:
i kinda thought you were talking about that... leave the nested flys and blanket over wider winged flys... so is that an advantage? inventorying a bunch of flys at different strikes and widths? i have only one fly on right now
aapl .. 665/675/685 expires tommorrow...
i'm not sure how one adjusts flys when the UL moves....
Not an advantage per se, but you maintain your inventory of boxes as opposed to the edge-loss of closing what is nearly riskless anyway. The wide you go the more vega you incur.
Fly adjustments are difficult, especially on narrow flies like the one you own in GOOG (or AAPL) unless you're very close to exp.