Lotto ticket FLY here with 2 days to expiration:
BOT +1 BUTTERFLY NYFANG 19 OCT 18 2660/2570/2550 PUT @34.60 AMEX
BOT +1 BUTTERFLY NYFANG 19 OCT 18 2660/2570/2550 PUT @34.60 AMEX
The butterfly megathread
- Thread starter VixTraderdf
- Start date
It has options only....I did not notice that before until I was playing around at ToS and noticed it had options.
I had to play around with the strikes until I got a b/a that was not a mile wide. I split the midpoint and ask which was about $3 and got filled. Not going to lie, this is not for scalping as they are starting off wide until more volume comes through I guess. That is why I jumped on the October ones with 2 days left. I figure if it moves in my direction well I can let expiration handle it without getting reamed and 3 legs b/a spread.
I am at 116.50 = on my current fly and ostensibly it's just too wide to garner any interest. The synthetic should fill at this price. WTF is Citadel and Susq?
Yeah I tried 4 different positions before I got a fill on mine. I think it will take some time. I wish we could make a market in it but there is no underlying to hedge and I am not buying a basket of FANG haha.
@destriero you in that FLY....mine basically doubled. Got an order to close working right now
No, I had four orders working on Nov and none filled. One order was 4.00 over mid. Good on ya.