Monday, September 7, 2009

Re: [TheOptionClub.com] Charles Cottle Presentation

 

On Mon, 7 Sep 2009 12:31:50 -0500, "mcatolico"
<mcatolico@mindspring.com> wrote:

>>
>Just what is the most general statement that can be made about
>decomposing an arbitrary options position into flies? I knew that
>condors can be broken up that way.
>
>
>MC - not sure what you are looking for.

I am trying to get some sort of handle on what dissection is all
about. Can an arbitrary options position (all expirations the same)
be written in some neat sort of way as the combination of simple basic
options positions? Of course it can in terms of individual calls and
puts. But I am told that there are useful ways to write it in terms
of not as atomic stuff, for example butterflies and boxes. OK, what
is an algorithm for making such a dissection (decomposition?)? Since
software is being sold to do such dissections, it has to follow some
sort of procedure.

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