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    Iron Butterfly question

    "In the garden of eden" "'Scuse me while i kiss this guy" :)
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    "Selling ITM strangles = Selling OTM strangles with the same strike price: Why?

    Atticus, I bow and vomit antimatter before you your feet
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    "Selling ITM strangles = Selling OTM strangles with the same strike price: Why?

    The action of the market enforces equivalence. If they were not equivalent, you could buy the cheap one and sell the expensive one, and get free money at no risk. Should such a pricing discrepancy show up, it would quickly disappear as market participants would attempt to do just that...
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    Options Education

    My answer is "none of the above," compared to the CBOE educational materials. Their collection of webinars has just about everything you need, to educate yourself on options trading. My favorite instructors are Jim Bittman and Dan Sheridan. There is no charge for any of this. IMO, if you...
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    SPX Calendar Post Mortem

    The previous month I had good luck with a double calendar on SPX. So I set up another for July expiration with the opinion that we were still range bound on SPX, and IV's were historically low looking back over the last 6 months. This month the trade is not looking that good, and I wonder if...
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    Traveling with IB TWS...question

    If you check that little box you mentioned, it uses your saved settings. I do this between my notebook and home computer. No need to copy the ini file. QUOTE]Quote from Stosh: After talking to a neighbor who uses both his laptop and his PC with TWS with no problem, I think my problem...
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    Do all brokers charge $1.50 like Interactive Brokers to modify an option?

    There is a cancellation fee at IB. However, if you are modifying the order, and ultimately complete the execution, then they apply a credit against the cancellation. Usually this washes out, or at least does for me. I usually place orders at the midpoint on spreads, and back off once or twice...
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