In general, did he go over WHEN to do these adjustments?
Murthy
On Tue, Oct 27, 2009 at 4:20 PM, Ricky Jimenez <rickyjim@bestweb.net > wrote:
The first type of adjustment he presented was the familiar widening of
a condor by adding a butterfly at the wing. Sorry, but I wasn't
paying close attention when he presented the second adjustment. Can
anybody supply what it was? I remember that it had positive delta but
would be a loss at the wing if held to expiration, so if the
underlying kept going higher you could close the entire position or
just the call side for a profit.
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