Constructs with more than 3 legs

Here's their list...



https://www.cmegroup.com/confluence/display/EPICSANDBOX/Futures+Spread+and+Options+Spread+Types

 

I mean that 4-leg construct w/o strikes. How is it called?

OTOH not that important, as it just distracts me from my speciality: plain vanilla options.

 

It's a futures condor, those two that I highlighted.

 

those are the fucking futures spreads. No optionality. FFS.


Why is this in options?


a futures fly is long Oct, short 2 Nov, long Dec.

 

Which is exactly what we see here, 1 box below my cut and paste job in yellow...



I was just explaining how there can be a futures condor with no "strike price" when I mentioned to him @earth_imperator that the performance bond margins are nuts for condors.

There is no optionality because there is no price variability.

It had to do with more than 3 legs. Oi. Read the whole thread, man.

 

Then I will eat that shit sandwich. I have no ego to bruise.

 

What?

No price variability? You mean convexity. These things move huge. You just shit yourself.

These are not rate-arbs (short/long dated index futures spreads).

So Corn futures flies don't move? Beans? Gas?

It's not ego. You just confidently stated that the Earth is flat.

 

Still chomping on the shit sandwich.