iron cockroach

[atticus]

Sure it's possible. Trade a bear-delta call BWB with a proximal short strike to complete the short backspread, and distal wing to complete the BWB: long the 100 call, short two 105 calls, long one 150 call at a net-credit. Obviously there is little protection afforded. It's essentially a short backspread with 6-sigma stop.

How to earn on the spread as spot is blowing through strikes? It remains otm throughout the duration of the move. Of course the spread is suicidal if you're wrong, at best you're earning the credit recieved if you're correct on direction.

 

[anti ad hominem]

Quote from atticus:

I read your posts on pages two/three. I assumed you were referring to the posted-position as a condor. There was no reference to an alternate position between Eliot's cut n paste and your condor comments.

However, I did miss this: "Eliot!? That was kind of obvious from just looking at what you quoted."

My apologies to Kramer if he was not the "guru" involved in the collar fiasco.

atticuuuuuuussssssss! My first post regards the IC was BEFORE Eliot posted his cut & paste. I didn't refute his post of the box, b/c db's question had been asked & answered & I thought the nonsense was obvious. I am not going to waste time refuting something posted as 'fact' when the person (quite quickly by their own admission) didn't do a thorough check of the source & the context of what they were quoting.

 

[Eliot Hosewater]

Quote from jj90:

I hear Oasis 07 was pretty good. I am skeptical however that the claims of him being able to structure a BWB (ratio spread) that withstood a 700 point DOW drop. Not that it's impossible, I have done some tests, and there is only 1 way to my knowledge it can happen, but either he's got some super secret knowledge or he made some adjustments. I can't fathom as of currently how ANY ratio spread untouched can have all strikes blown past and still be up money as he claims.

To Scott's credit (I think) he did get Optionetics to open up Oasis to people on his forum who hadn't taken the $3500 course. I think they only had to pay the $700 or so for Oasis.

ETA: I came up with a name for the position I C&Ped. The Iron Seagull - it leaves shit everywhere.

 

[atticus]

Quote from anti ad hominem:

atticuuuuuuussssssss! My first post regards the IC was BEFORE Eliot posted his cut & paste. I didn't refute his post of the box, b/c db's question had been asked & answered & I thought the nonsense was obvious. I am not going to waste time refuting something posted as 'fact' when the person (quite quickly by their own admission) didn't do a thorough check of the source & the context of what they were quoting.

I [initially] assumed you didn't know the difference between a box and a condor. I am suspect of anyone spending time at Optionetics.

FWIW, I learned to read pretty early on. Thanks for your support, now please piss off.

 

[anti ad hominem]

Quote from atticus:

I [initially] assumed you didn't know the difference between a box and a condor. I am suspect of anyone spending time at Optionetics.

FWIW, I learned to read pretty early on. Thanks for your support, now please piss off.

Yes well assumption and bigotry aren't always the best paradigms from which to operate. Everybody treads their own path to becoming successful in any pursuit, my personal agreement with their past is totally irrelevant to my initial assessment of them. You see my assessment, based upon limited access to what that person may have actually been through/told/heard etc as I was not by their side, could be completely ummmm wrong or ill-informed. I tend to value people contributions more on their relevance than on my personal opinions of where they have spent time. I make less of an ass of myself that way. To settle it once and for all I learned very early on from someone at Optionetics what a friggen box is & it's difference to an IC wasn't necessary to point out. Now you piss off, t.i.m

 

[atticus]

Midol will help with those cramps.

 

[anti ad hominem]

Quote from atticus:

Midol will help with those cramps.

Hehehe - nice attempted deflection from your own inability to follow a simple chain of ideas.

You should just try being a real man and admitting your mistakes, I promise people will think more of you, than when you stoop to blatant non sequitur in an attempt to cover them up.

Gee, I wonder how much lower you'd go if you found out I was a also a coloured minority!? :eek:

 

[atticus]

Quote from anti ad hominem:

Hehehe - nice attempted deflection from your own inability to follow a simple chain of ideas.

You should just try being a real man and admitting your mistakes, I promise people will think more of you, than when you stoop to blatant non sequitur in an attempt to cover them up.

Gee, I wonder how much lower you'd go if you found out I was a also a coloured minority!? :eek:

Mistakes? I assumed you were out of your depth, and if wrong I apologize. My assumption is just that, an assumption.

Colored or coloured? I am biased against the Brits [GEICO cavemen too], so you got me there, but it's news to me that I'm a racist. You're projecting. Interesting pathology; if you'd like a formal diagnosis I can do a phone consult. Strange... I've never seen anyone of African-decent [or any race] refer to themselves as colored.

Perhaps something stronger is in order. Diazepam cocktail to wash-down that Midol?

 

[anti ad hominem]

Quote from atticus:

Mistakes? I assumed you were out of your depth, and if wrong I apologize. My assumption is just that, an assumption.

Colored or coloured? I am biased against the Brits [GEICO cavemen too], so you got me there, but it's news to me that I'm a racist. You're projecting. Interesting pathology; if you'd like a formal diagnosis I can do a phone consult. Strange... I've never seen anyone of African-decent [or any race] refer to themselves as colored.

Perhaps something stronger is in order. Diazepam cocktail to wash-down that Midol?

ROFLMAO. Sorry I definitely require my therapist to have not only reading/listening comprehension skills above an elementary school level, but the ability to operate aside from the own, 'ahem', biases. Guess that counts you out, what with the swag of assumptions & prejudice that you bring to the table. Sorry Counselor.

 

[spindr0]

Does anyone here know what an 'iron cockroach' is?

I don't know what it is but I recall that while surfing/reading, there was a brokerage or money management firm that was touting their seminar on it. If so inclined, you can do a web search for it.