Interesting. I bought a couple of Mar12 590/630/690 121C NVDA fly on 2-10-21 just to try things out. Why are you going so far out in expiration? You used to do 1-2 wks and I thought that was too short so mine are typically 4 weeks.
We are building a paper trading system so I can try these trades out. Our prices are 14-minutes before the close so they are off from your closing prices.
Thanks Destriero! it'll be my first fly: somehow my values look different to those posted by Matt_ORATS. is it correct?
i didn't think i'd need a margin account for this trade. and like an idiot, i changed my account from margin to cash less than 30 days ago...
Do I have to write it? Hindsight bias. Where would you have shorted the combo? $100, 200? Your other leg covers you? You sell the par-combo at $40 and it traded over $400... in a week. Good call, mate. I know very smart and experienced people who lost millions in GME.
The deeps had no mkt so you'll have to wait until the open. FWIW, there is no point in trading this as a combo as the natural and synthetic bull leg is so DITM.
Deeps only work for high volume like SPY. That was why mine didn't go as deep. But there is no free lunch so I lost a little something else. Your GOOGL is very interesting. You know something I don't.