When your entire fly is OTM that's a mistake, and I corrected you both times. I'm sure you understand them better now and I will be looking forward to your next effort.
what a douche ps.... thru in the definition since, by definition, you wouldn't understand... . douche a word to describe an individual who has shown themself to be very brainless in one way or another, thus comparing them to the cleansing product for vaginas.
Is that so? I guess that's why I'm gonna net pretty handsomely on my CSCO options tomorrow? Might I recommend some sensibility? Read up on Natenberg and some Taleb and some Hull ForexForex, you might learn a thing or two there. I will be anxious to await your next failed attempt where you convert a position into a watchlist.
Make that three times, see below. Good call on CSCO dropping, 2 hours after the fact. Try and be more punctual in the future. A fly isn't the best position if you think the UL is going to drop. Long puts or a debit spread is what you want. With flies you want the volatility to drop and the stock to trade flat. The put "fly" you posted is backwards. Don't give up, it will sink in.
LOL!!!! And how should I post it so that it's forward? And normally I don't feed trolls. But here's something you can choke on...
CSCO 18/17/16. It's a good idea to use the standard format. Like I said "don't give up, it will sink in".
Nobody uses a descending notation to describe the position in strikes. It's fcuking retarded and backwards. It's 16/17/18 or 16-18 whether it's a P, C, or iron fly. They're all equivalent, so wtf would it being a put make a difference? "Standard format"? Really, numbnuts? You have your handbook with you?
Atticus ........... To save me some time looking through your posts could you please post a link to any PUT trades you have done that required more than one leg and expired the same day. Go back a minimum of one week to years. It all comes down to reading the trades from left to right, starting from the UL's price. I'm 99.9999% sure you also post your trades that way.
WTF are you babbling incoherently about now? To amuse the audience: http://www.elitetrader.com/vb/showthread.php?s=&postid=3514225&highlight=put+fly#post3514225 http://www.elitetrader.com/vb/showthread.php?s=&postid=3228703&highlight=put+fly#post3228703 All I could find on short notice, as I obviously don't often distinguish between P, C or iron; but searching for "put fly" will result in 100% instances of ascending notation, you duplicitous.... Here are HUNDREDS of fly-posts by me and 100% are ascending notation. http://www.elitetrader.com/vb/searc...=4066163&sortby=lastpost&sortorder=descending