I saw 4.3 there too when unlocked the price, but I don't think you will get a credit for this double diagonal. If I see a credit of 4.3, I will jump in without doing any analysis. BTW if you look at each individual option, you will find a 7.xx debit using the mid. I really don't understand how TOS quotes me a credit of 4.3.
have to say Coach...very NICE call...a little un-coach like ( so close to the money!) but after much volatility the SPX has been acting like a pussy cat of late...this play should work out very nicely! (hope I didn't jinx it)
EOM futures option...So his play is a short term diagonal using regular exp with EOM exp. also BOX does penney's
Try looking at this combination @ Oct expiration and notice the difference SPX 1350/1375 Oct/Dec Call SPX 1250/1225 Oct/Dec Put
Then consider an Oct/Sept 1300/1300 put diagonal with half the contracts as the long... see if you like that even better. M~
Murray, Too bad that I have used up most of my margin in my RUT diagonals and verticals. I only have small amount of buying power for emergency adjustment and don't have enough margin to open these positions. My broker charged me margin on both legs for diagonals. I called them and they said it is the NASD regulation. I guess I have no choice but move to haircut. Have you decided how you like to set up your trading entity? Percy
We're in the process.... if tough when there's 50 different opinions in a large group. Large group dynamics are interesting.... especially when it comes to money. M~