Monday, February 15, 2010

Re: [TheOptionClub.com] Re: Butterfly question? on Feb expiration

 

On Sun, 14 Feb 2010 12:18:58 -0800, Nick Horowitz
<nhorowitz@axeus.com> wrote:

>If you have butterflies that are all calls or all puts, by definition, then one leg will be ITM at expiration.

??????????? Say ABC closes at 50 on expiration Friday. Which leg
is ITM in the ABC flies, 55C -2*60C + 65C, 35P -2*40P +45P?

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