Are you sure that this trade was executed--or it meeky was listed in the speardbook of the TOS (as someone is offering it for a sale)?
--- In OptionClub@yahoogroups.com, "foo.bar28" <Carllr@...> wrote:
>
> TOS allows you to look at other trades that are working and I saw an interesting trade. Actually there were several similar ones so it probably a strat that someone has taught. Here's the trade: This was Tuesday and the RUT was at 562. The trade was an Aug condor +530/-560/-560/+590 for a credit of $17.02! With only 7 days left this has to be a pure Theta play. It was also placed before a fed meeting so volitility would normally be up too. So here's the question, i would have to think this trade is meant to be adjusted a few times before expiration, and, it would probably be taken off a day or so before as well. What would the adjustments be? A $3k investment for a $1.7K return is impressive but I just cant think this is a put it on and hope trade. Thanks gang! Rich
>
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