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I wasn't talking about legging in or arbing! The OP is obviously a bit confused about the GENERAL terminology.

By the way, is it just me or the guy who wrote the article thinks that he has invented the wheel or something...a siamese condor....:D :D :D .....the rest of us have been having trading the "not so fancy name" iron butterfly for years!

An iron condor with the short call and put at the same strikes is called an iron butterfly. The max potential profit is higher, but the stock has to get pinned to the strike to get it. An iron condor has a wider profit range. By the way, you can't buy something for a credit and sell...

No, you don't. The only price you do know is the price you bought it at, you don't know the price the seller paid for it and it doesn't matter at all. All you need to know is the price you buy and sell at.

It can be either one, depending on what the seller is doing (i.e. selling to open or selling to close). If the seller is selling to open then a new contract is created, if selling to close then no additional contract is created.

I'm sure you can find this info at CBOE.

You need to upload the picture to some website first, say imageshack or some other.

Don't know, maybe TWS is not showing afterhours trading.

Is that an actual ticker "ZYZ"? Probably not. Check the news for any announcements.

See here

% of what? Options that are held to expiry or all options that existed at some point in time during the life of the contract?

If you have a verifiable track record then I doubt people would care about your GPA.

I know that the trade is set up to collect time decay. My point was that you unecessarily skew the results against you by getting out the instant the trade goes into positive.

Q: How to make a million in the stock market? A: Start with 2 million! :D

CME

MF Global is what used to be called Man Securities before they split up their brokerage and hedge fund businesses. So MF Global and Man Financial are the same thing.

16 days is hardly a home stretch!

What's the point of the trade then!? You were/are willing to risk the full amount yet you take a miniscule profit!?

I agree. It's the same thing you hear top tennis players say: "I don't play for the money!" Well, of course you don't play for the money when you got a shitload of it...

Gamma and Theta are really just different sides of the same coin. You can't really trade one without the other. All the greeks are interdependant.