M met1989 Apr 25, 2019 #1 how come on this position it’s a butterfly the Delta is like -7.14 when it can only go from one to minus one ? Attachments F236ED65-3711-436E-934B-68B09A74E3C4.jpeg 56.5 KB · Views: 63
how come on this position it’s a butterfly the Delta is like -7.14 when it can only go from one to minus one ?
destriero Apr 25, 2019 #2 The initial delta is on the ten lot, not per contract. Flies are bimodal to delta from wing to wing. The delta can approach (but not touch) 1K deltas. I see that you stretched the OTM to reduce the debit. Gotta be careful there. Your initial short D will become long D very quickly.
The initial delta is on the ten lot, not per contract. Flies are bimodal to delta from wing to wing. The delta can approach (but not touch) 1K deltas. I see that you stretched the OTM to reduce the debit. Gotta be careful there. Your initial short D will become long D very quickly.
M met1989 Apr 25, 2019 #3 destriero said: The initial delta is on the ten lot, not per contract. Flies are bimodal to delta from wing to wing. The delta can approach (but not touch) 1K deltas. I see that you stretched the OTM to reduce the debit. Gotta be careful there. Your initial short D will become long D very quickly. More... Why would it change so quickly if I’m so far out of expiration date ?
destriero said: The initial delta is on the ten lot, not per contract. Flies are bimodal to delta from wing to wing. The delta can approach (but not touch) 1K deltas. I see that you stretched the OTM to reduce the debit. Gotta be careful there. Your initial short D will become long D very quickly. More... Why would it change so quickly if I’m so far out of expiration date ?
