Hi,
a bit hard to tell without knowing what the underlying is, so always give as much info as you have.
At expiration, your short 50 call is 14 points in the money,
your long 60 call is 4 points in the money, makes a loss of 10 points
Take off the credit from the put and call leaves you with a loss of 8 points.
as best as I can tell with the info provided, gis
On Thu, Jun 10, 2010 at 10:24 AM, paul7313 <paul7313@yahoo.com > wrote:
I sell an IC; 1 contract; sell 50 and buy 60 call, and sell 40 and buy 30 put. both give me a credit of 1. when the options expire, the stock is 64
the call is worth -100, the put is worth 100. total 0
or the IC is worth 200 minus the 100 call= 100 total
I want to get this right before I risk real money
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