Yes--that was my point. The speardbook will list all sorts of spreads with bid/ask that will never be executed--and not much can be said about them except perhaps that they are priced in a manner which reflects mostly the `wishful thinking' of the trader.
--- In OptionClub@yahoogro
>
> There is no way to tell if it ever got 'executed'. Also, we do not know if
> it was a STO or a STC. :-) Someone might own that Condor and be trying to
> get out of it. :-(
>
>
>
> _____
>
> From: OptionClub@yahoogro
> Behalf Of bben1006
> Sent: Saturday, August 15, 2009 3:54 PM
> To: OptionClub@yahoogro
> Subject: [TheOptionClub.
>
>
>
>
>
> 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@yahoogro <mailto:OptionClub%
> "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/
> 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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