Attached is an image I took of a strategy I'm considering on a low volatility stock. The security (TCB) is $15.58. I'm selling a Call/Put @ 15/16 to expire Nov.15th I'm buying a Call/Put @ 15/16 to expire Dec.15th The Bid/Ask is -1.55/-.45 and I am attempting to get this at the mid price of -1.00 That's a $100 credit to my account. From what it appears, I can't lose money on this deal if I were able to buy this. Does this seem too good to be true?
This forum should be called elite options, there are so many options nuts on here theses days trying to magic free money our the markets
I see that position as a $55.00 debit based on the bid/ask, but you might get a slightly better fill. That's a far cry from a $100 credit.
Hence the question, "too good to be true?" If this isn't the place to ask questions concerning options, I can go elsewhere.
Amen, that's one of the cardinal rules of trading...Liquidity make sure it's a Liquid market. be DEEP (you're kind of F'ed in trading...if you're not Deep.)