Hello
I know this is not about FX but it can be applied to FX options
Many of you might know what Iron condor is = 1 credit call spread + 1 Credit Put spread
I hope you see this screen shot below
What I am confused about is this
It is a screen shot of prices on a condor on SPX weekly Jan 4th week
The prices are not in live market but after hours using Trade calculator in
Options Express
They look too good to be true
Can anybody spot what is wrong
Call Credit spread 1280/1285 and Put Credit spread
max risk = 500 per contract x5 = 2500
premium received = 2620
Guaranteed profit = $120 ( - exercise cost of 5 contracts as certainly one side
of the condor will be assigned)
MJ
[IMG]file:///C:/Users/mj/AppData/Local/Temp/msohtml1/01/clip_image002.jpg[/IMG]
I know this is not about FX but it can be applied to FX options
Many of you might know what Iron condor is = 1 credit call spread + 1 Credit Put spread
I hope you see this screen shot below
What I am confused about is this
It is a screen shot of prices on a condor on SPX weekly Jan 4th week
The prices are not in live market but after hours using Trade calculator in
Options Express
They look too good to be true
Can anybody spot what is wrong
Call Credit spread 1280/1285 and Put Credit spread
max risk = 500 per contract x5 = 2500
premium received = 2620
Guaranteed profit = $120 ( - exercise cost of 5 contracts as certainly one side
of the condor will be assigned)
MJ
[IMG]file:///C:/Users/mj/AppData/Local/Temp/msohtml1/01/clip_image002.jpg[/IMG]