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They're only symmetrical if you're equally inept at picking direction and under/over hedging. :)

Quod erat demonstrandum, which for the Latinly challenged types means that the last statement deduced (mine) was the one to be demonstrated and the abbreviation thus signals the completion of the proof (see below). It's as easy as ABC or even QED ...

I think the answer depends on how you define credit spreads, Black Swan and protection. The first one is easy. If you're writing bearish credit spreads, you're golden. The latter two aren't as easy. If you deem a Black Swan as a one day even with no warning, say 9/11, then you must have...

In other words, would that make me A or B?

If I correctly recall the IB web page that had some pricing examples, there was a scenario where if you "remove liquidity" , the commission was more with unbundled than without. And tho not mentioned, I was referring to the unbundling fees for stocks.

If A is the converse of B then would it be possible for B to be the converse of A? Conversely, what would your gamma be if you were selling high and buying low?

Over hedging works well if you're wrong about direction. Under hedging works well if you're right about direction. And if I understood your question, I'd try to be helpful :)

Try 1-800 IVQUOTE

Have you considered two Xanax and a mesmerizing screen saver? :)

Where's the edge in that? You'd at least want an OB/OS correlation toward the outside of their normal comparative relative strength range and you need to know which is OB and OS. You can't just plop on a pair at any time and expect it to work.

LOL. Now that's really helpful to the OP.

Speaking of fees, does anyone here have any experience with IB's bundling unbundled commission schedule? I place a lot of "Non-Marketable" orders that ADD liquidity and I'm wondering if the rebates would reduce my commissions significantly. I have no idea how to determine this since...

EOD data can be notoriously inaccurate, particularly on thinly trded options. If you haven't already done so, check it in real time

Ehhh you party pooper. I was just being difficult with Beb after my brain fart mis-statement. I meant to say to Kedwards, check out double diagonals. Nix the calendar straddle comment... tho calendar straddles is another approach for reverse spreads yet not relevant to the RIMM trade. :)

I really don't know anything about what you're talking about :) In general, there are no free lunches for individual investors. If there's a profitable arb there, someone a lot higher up is usually scarfing it up. OK, I'm going back to twirling my cowlick...

---------------------------------------------------------------------------- Quote from spindr0: With lower priced stocks with narrower strikes, also check out calendar strangles (this one was a calendar straddle). ----------------------------------------------------------------------------...

So in your travels, have you found anything better than that freeware that you glommed off that guy on Yahoo??? :)

And I'd add that if you're going to trade, use the less than 100 delta options to hedge and trade the 100 delta underlying.

Oh pshaw! Buying low delta options and making lots of quick money is really as easy as a former girlfriend of mine going to the track with me and picking all the winners based on the color of the jockey's tunic :)

Hey Don, I was thinking the same thing about using options so that Black Swan events would be a non event... tho I was initially thinking more along the lines of buying OTM protection for the equity position rather than ITM legs. On second thought, ITM with a good amount of time until...