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Anything less than a gazillion to one would demonstrate inadequacy.

Have you been reading the Yahoo bb's ??? :D 5% a month is 80% a year compounded. If that was achieveable, why would anyone do anything else (stocks, bonds, mutual funds, etc.) ??? Yep, just mortgage the farm and plop it all down in 'set & forget' strategies? Uh huh. Reality check time?

The problem is that out there in web world, some call that long, others call it short. So the only way to be on the same page is to describe the spread/strangle components.

Yup, with an IV deflation you might even lose on your calls despite a nice bounce. Here's a cherry picked May example for the SPX. Looking at an IVolatility chart, IV peaked about 5/20 with SPX closing at 1071+. Over the next week, SPX bounced 30+ pts but IV contracted about 10 BPs. I doubt...

"There's a sucker born every minute" - PT Barnum

I don't know the official answer but out on the web you'll find it described both ways. Some say the net credit is a LONG IC. Others say that the net credit is a SHORT IC. I think that it's counter intuitive to sell the body and call it a long position but that's just my 2 cents :)

PALM was acquired by HP. Check with the CBOE for details... or call your broker.

It's certainly far more entertaining! :)

I don't know if it's still available but some years ago there was a program called Supercharts which was a cheaper, distilled version of TradeStation... FWIW, if anything :)

The first time, your short Jul 106c made $1.74 while your long 2x Aug 113c lost $ 0.52 for your net gain of $1.22 The second time, your short Jul 106c makes $2.05 while your long 2x Aug 113c loses $ 2.12 for your posted loss of $0.07 The only reason that could account for that would be...

Costless? I'm confused. Are you buying the inside strangle and selling the wings? Generally, one is selling the inside strangle, looking to achieve the largest credit possible. Regardless, costless positions come from legging in and for most, placing a net price combo order, if available, is...

The higher the IV, the greater the credit received (short inner strikes bump up more than the long wings). That's a good thing. But the higher the IV, the more likely it's going to move toward your short strikes. Not so good. Subsequent success IC depends on passage of time (decay), UL...

Early assignment isn't going to be an issue unless you're position is VERY deep ITM or there's not much time remaining and the ITM option is trading near parity. Long before that you should have been taking defensive steps (adjusting or closing).

Google DDE (Dynamic Data Exchange), If your broker/data provider offers a DDE link, your spreadsheet can be updated in real time. Getting quotes on 2,000 stocks is a bit ambitious. Brokers tend to limit the number of quotes at one time (say 500). If that's the case, you activate one...

Focusing only on abstract ideas of perfect truth and rationality and not acknowledging how emotional and social prejudices can be embedded in and unjustly perpetuated through scientific work can be problematic and counterproductive for scientists and society.

Smoking crystal meth and watching computer porn makes you eligible to receive tickets to sports events, lunches, hunting/fishing trips and other gifts from energy companies. Work for the Minerals Management Service (MMS)!

Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye She's forty-one and her daddy still calls 'er "baby" All the folks 'round Brownsville say she's crazy...