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Actually it's a cube! :D So whatever rent we agree on will have to be cubed. :D

A condor is a perfect strategy, short premium and limit risk. All you have to do is adjust the position size so that you don't get wiped out by a few bad trades.

"they are all into"? All who? I don't know what makes you say that iron condors are out. Iron condors work well if you know how to trade them.

Speak for yourself, mate! :D

I'm not sure I don't use IB, but don't they have subscriptions to the exchange? Just add Eurex and Euronext. Why would you need to scan for European style options. The option style is fixed by the contract specs so just go to the exchange's website and look up contract specs.

"Gut" means that the options are ITM, that's it. So instead of using OTM vertical spreads you would use ITM ones. If you are short the 95 call then it's a covered call. If you are long the 95 call then you got no protection.

These should get you started: Eurex Euronext Liffe

Yes, it's a spread order.

Why do you post the same question twice? And the answer is: The stock is at 50. You sell two Dec 55 calls and buy two Dec 60 calls (i.e. you sell two Dec 55/60 call vertical spreads).

The stock is at 50. You sell two Dec 55 calls and buy two Dec 60 calls (i.e. you sell two Dec 55/60 call vertical spreads).

What do you mean by penny options? Do you mean options trading in penny increments? If you do then in Europe options trade in penny increments.

There a number of ways to achieve this. Some, as has been pointed out, make money as long as it makes a big move to the upside or downside, while taking a loss if doesn't move or doesn't move enough. Other ways of making money regardless of the direction is to use range strategies, such as...

You don't really care about high premiums per se, but high premiums mean high implied volatility and in a long vega position a volatility drop would hurt you. Btw, Black-Scholes requires a volatility input to price options so you can't really say that premiums are high by Black-Scholes...

It's called a diagonal spread and there's nothing wrong with it.

JJacksET4 I completely agree with you that it's far from easy making money betting on the stock/index staying in a range in "normal" times, and over the past several months it's been extremely hard as no range seems to be wide enough to contain the movement.

You are pretty much left with what dmo suggested previously or you could inverse the spreads mentioned in your other thread on exotics. That is, you inverse the condor or butterfly, which would have a reduced sensitivity to volatility. So you can buy a straddle, and then sell a strangle at the...

The problem with a long straddle/strangle is that you make money only if the move is greater than anticipated by the market, if it's not then the long vega kills you.

JJacksET4, An iron condor is a synthetic equivalent to a condor, which is done for a debit. A butterfly is a synthetic equivalent to an iron butterfly, which is done for a credit. It's all the same. This goes back directly to another thread that has been just started on the importance of...

I know of no way to get a 1:1.5 risk reward ratio and a high probability on a range strategy. That's the way the range strategies work, your probability is high, but your reward is low relative to risk. You can go to higher reward, but then the probability is lower. That's the trade off.

1. It doesn't have to be equidistant, but then your max risk is different on each side. If you want identical max risk on each side then it has to be equidistant. 2. Here you just add another dimension to an iron condor, i.e. cross-month volatility. 3. In an iron condor your max risk is...