Protecting a DITM call spread

You are looking at the wrong expiry mate.... that's okay... you're a beginner...

 

Uhh, dump truck. Do those "quotes" look odd to you? As in they are not ending in "5, 0"?

Did you ever wonder why? Those aren't mids, lol, those are model-values.

 

Wed ops.

 

You're not looking at EWF7 correct?

 

lol he said 8 DTE yesterday. I never looked at the sheet. I am looking at Wed, Feb1W.

 

Well there you go, look at xandmans sheet... that's EWF7...

 

The sheet doesn't have the same strikes (20/60/85) and those are model values. Quotes are quotes, models are theo... and I expected that xandman can add days between dates.

 

For clarification,

It was the JAN17 EOM Option. Expiration: 31 Jan 2017 15:00

 

lol disregard. Those appear as 6 DTE on IB and Lime/Wedbush.

 

My fly will beat the 2200/2260C + 30/60 put vert.

$35.15 mid, debit.