Arbitraging dispersion and learning max(S-K,0)!
only on elitetrader.

Ah, such pretty economy of expression. Fortunately for newbies - most of whom wouldn't know what any of that means or even that they should look it up - some of us here are willing to translate such elusive mysteries to them...
The memories of being so completely lost that I didn't even know what questions to ask are still fresh enough that I'm willing to carry the anvil for these guys, at least a little ways. But yeah, it's not exactly rocket surgery.
