No risk condor?

Discussion in 'Options' started by cdcolvin, Mar 25, 2007.

  1. Check this trade out. STTX Short April Iron Condor. According to TOS software, this looks like a no loss credit spread. Note, max profit is $250 and max loss is $0.

    Is this an anomaly?
     
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  2. ryank

    ryank

    You will never get a credit of $2.50 on a spread that is $2.50. The natural is $1.45 and the mid is $2.50, you will get filled somewhere in between, probably much closer to the $1.45 side. Option quotes during non-market hours can be screwed up and misleading.
     
  3. You're right. It's after hours. Thanks for knocking me back to reality. I saw this and thought it was a sure thing forgetting it was 9:00pm on Saturday. AARGH!