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atticuuuuuuussssssss! My first post regards the IC was BEFORE Eliot posted his cut & paste. I didn't refute his post of the box, b/c db's question had been asked & answered & I thought the nonsense was obvious. I am not going to waste time refuting something posted as 'fact' when the person...

The only position discussed here was the box in Eliot's post. Then you went on about a condor, of which I find no earlier reference in this thread. Obviously a misunderstanding, and I assume you're missing my point. I was simply stating the box is no condor. Later I hear reference to a...

Hey Wayne, that razor sharp wit still being wielded ruthlessly I see. . .:p hehehe

Outlining what atticus? What's to outline, it is so blindingly simple that it hardly needs a working example - two credit spreads, one wider than the other. I KNOW the usual suspects here are better traders than to find this revelatory & will be wondering what the hell all the fuss is about -...

Smarter than seeing it for what it was yet not coming to the logical conclussion. No I assumed that you read this entire thread where Eliot came back with his own realisation from reading the O thread that it was indeed a send up. Other than that I know from usual contrib's here that you...

Give the man a cigar! At the risk of sounding flip, it pays to remember that there are really only two things you can do with options buy 'em & sell 'em & no matter what fancy names are given to any combination of doing so, there is nothing new in the options world - the beauty is always...

atticus you are much smarter than this. . . and again taking something posted at the O boards seriously that was posted obviously in jest. You guys need to lighten up. Finally, this is an option only trade, short verticals on both sides & there are no shared strikes . . . whatever else people...

quite right, more a condor

Thanks! OK now c'mon db - inagottadavita (. . .Iron Butterfly) was a very clever hint! Have you been at the sleepy drugs again? :p it's just a variation with one of the spreads a strike wider than the other. You want a 'credit' that is more than half of the strike width between the...

elegantly put! :cool:

:D Eliot!? That was kind of obvious from just looking at what you quoted. There is a lot of p!$$ taking goes on over there that seems to be taken seriously over here. . .hmmm I will assert again that this is not an "Optionetics" invention - as if anything in options is. . .! - doesn't...

that's a bit funny actually - for a whole range of reasons. . . db it's just an 'Iron Condor' with the strikes stretched on one side, thus changing risk profile. . . but I sense you know that, so what gives? :p

What makes you think it has anything to do with them specifically?

Maybe so, but there are 419 scams offering better value for money. . . LOL

I disagree about the theory coming best from a book. I read, re-read and re-read Cottle CSW & it wasn't until I was able to be part of educational trading session (role playing) by some MM's that the penny really dropped for me about what all the theory meant for my trading. After that Cottle...

Rally I don't disagree per se about the idea that any of these courses will develop a +'ve exp for participants, but your implication seems to be that developing bad trading habits is the exclusive domain of these services. I just don't think that is a logical line of thinking. Anybody...

ROFLMAO. That freaking myth about the number of options that go out worthless is NEVER going to die is it? Ya know, we really need that smilie-con with the head banging itself against the brick wall. . . http://www.cboe.com/LearnCenter/cboeeducation/Course_01_03/mod_03_02.aspx

Ahhhh, is this some kind of sign of an imminent market reversal?

QQQQ Here are a couple of links that explain what happens at the exchange on ex-div day & what we witness in trading practice as the market goes live. In particular the first link is the ultimate answer to your question (please read rule 118). The second is a link to an article that I think...

Hehehe! That's really funny. Gonna giggle about that one all day.