iron condor

[spindr0]

Quote from Maverick74:

For the record I'm trying to compare apples to apples. Let's not assume assignment since one can't get assigned in the RUT. I'm assuming one is going to close out their position either Thursday at the close for RUT or Friday at the close for IWM. Anything after that is a whole new position and can't be compared. I'm trying to keep this simple for Dave.

You're laser focused on the premium. Daveyc was discussing assignment scenarios. I think by now, everyone gets the picture.

 

[daveyc]

Quote from Maverick74:

No he didn't. By adding the extra assignment issue the whole argument changes. For the record, I'm not trying to be a dick and I'm not directing this at you. I worked at a prop firm for 7 years that traded options and very few guys understood this concept. I am going into detail here not out of ego, but to explain to others who are reading this thread and want to know why I would make the comment that IWM is much more preferable to RUT. Even you in your first post asked why I would possibly say that. It's perfectly obvious why someone would say that if they understand the parity argument. That's all I'm saying.

This was your first question:

maverick, this is over. i am doing well also but the road was probably more rocky than most. i also trade a large acct. i have nothing to prove to anyone and certainly nothing to sell. i do have my own experience to share and thats it. but its extremely counter productive for me to add any posts without getting berated by someone that knows it all and been there done that, this will likely be it for me. i don't understand how things get so misunderstood and how egos take over. i enjoyed playing the newbie because i am always open to different ideas and perspectives, others will learn that more can be gained in their trading and in life in general.

your second sentence here, is what was missing from the start. i don't know how this was missed or what. we were comparing assignment vs. settlement. i understand parity. i understand iwm and rut are different products.

 

[ForexForex]

Quote from ForexForex:
Could you post a real life example?

The last two dozen or so posts is the reason I like to request a "real life example", such as stock, option strikes and quotes. Then everybody is on the same page and there is no ambiguity.

 

[atticus]

Quote from ForexForex:

The last two dozen or so posts is the reason I like to request a "real life example", such as stock, option strikes and quotes. Then everybody is on the same page and there is no ambiguity.

Dude, none of us owe you the time of day. If you need help in constructing the position than you should donate your account ASAP.

WTF.

 

[ForexForex]

Quote from atticus:
Dude, none of us owe you the time of day. If you need help in constructing the position than you should donate your account ASAP.

WTF.

Do you speak for Options_Noob? My request was in response to his Post

 

[atticus]

Quote from ForexForex:

Do you speak for Options_Noob? My request was in response to his Post

I speak for everyone when you act like a dripping vag. Either you're being a massive fucking nuisance or you don't know a butterfly from a straddle. Either way, GFY.

 

[spindr0]

Quote from osho67:

you said

Butterflys have higher profit potential but less safety and the reverse holds true for the IC's. If ICs have higher safety - that is really what I want. I have yet not understood difference between butterfly and iron butterfly.

A clarification...

IC's have a higher probability of keeping a smaller profit but when they don't work, you're going to get whacked with a large loss. One way or the other, you're going to have to bring something to the table to make them work over the long haul.

 

[spindr0]

Quote from ForexForex:

The last two dozen or so posts is the reason I like to request a "real life example", such as stock, option strikes and quotes. Then everybody is on the same page and there is no ambiguity.

WTF does posting an example have to do with expiration risks of Amer vs. Euro settlement?

 

[spindr0]

Quote from KINGOFSHORTS:

Too much work, I prefer selling Iron Buttplugs.

There isn't much of a market for previously owned Iron Butt Plugs

 

[ForexForex]

Quote from spindr0:
WTF does posting an example have to do with expiration risks of Amer vs. Euro settlement?

More to it than just Amer vs. Euro settlement. That's why examples are important.

Quote from spindr0:
There isn't much of a market for previously owned Iron Butt Plugs

atticus might be interested.