The fact that there was a large dividend and Arnie got assigned on the short call of the vertical tells you nothing?? Really?? Nothing?? Nada??? No clue??? How many minutes have you been at this??
I honestly have no clue what you are trying to say. Arnie is assigned on the short calls due to the dividends but he's got long calls with lower strike so he's covered. As long as he exercises the calls, he's covered the shorts and should be breaking even pretty much. What else is there? How many minutes have you been at this? Quoting my same message twice? LOL
Short calls at risk but doesn't cover/exercise and pays the div. Thinks that the calls represent 1 share. We shouldn't offer advice bc we don't know his cost basis. InfiniteDawn is his new bestie.
OTM Gamma0, Delta0. ITM Gamma0, Delta1. It's not infinite gamma. Limited risk for the buyer = unlimited risk for the seller. You can leverage short options as your haircut is a fucking deposit.