there isn't even consistency internal to individuals! according to the LIFFE strategy pages a call spread is "long" if you're short the higher strike - unless it's a ratio spread, in which case it's "long" if you're short the lower strike. oy.
Hwo would you calcuate the maximum risk on the condor/buttefly posiit\\tions. I assume the maximum profit is the credit you receive? Finally just for clarification - when I say short iron condor - I mean short strangle and long outer strangle. Conversely a long iron condor - is a long strangle and a short outer strangle. I say this because have see various versions of long and short condors.. .. this way we are consistent for purposes of this thread.
No, that's your max profit. Max risk is the difference between the strikes times the number of spreads less the credit. Or, more simply, the margin you're required to put up (assuming your broker doesn't require margin on both sides of the spread).
Hello_Dollars is just more humble and relaxed in his ET image than other options "gurus" are at times... but obviously close in stature... sycophantically speaking of course! I have read his posts for a while and always got a lot out of them. IcE ((p.s. HD... K, did I say it right... ?! You gonna paypal me the $$ now!?))