Double Diagonal Strategy: Put&call on low volatility . Too good to be true?

F

Fedders

Attached is an image I took of a strategy I'm considering on a low volatility stock.

The security (TCB) is $15.58.
I'm selling a Call/Put @ 15/16 to expire Nov.15th
I'm buying a Call/Put @ 15/16 to expire Dec.15th

The Bid/Ask is -1.55/-.45 and I am attempting to get this at the mid price of -1.00
That's a $100 credit to my account.

From what it appears, I can't lose money on this deal if I were able to buy this.

Does this seem too good to be true?
 

Attachments

  • TCF_Double_Diagonal.png
    TCF_Double_Diagonal.png
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I see that position as a $55.00 debit based on the bid/ask, but you might get a slightly better fill. That's a far cry from a $100 credit.




:)
 
OTM-Options said:
I see that position as a $55.00 debit based on the bid/ask, but you might get a slightly better fill. That's a far cry from a $100 credit.




:)
More...

I'm confused as when I enter this position into my order it comes up as a $100 Credit to my account.
 
wwatson1 said:
This forum should be called elite options, there are so many options nuts on here theses days trying to magic free money our the markets
More...

Hence the question, "too good to be true?"

If this isn't the place to ask questions concerning options, I can go elsewhere.
 
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