Arif Posted October 10, 2013 Posted October 10, 2013 Hi All, I hope I'm posting this in the correct forum. My question is regarding the most recently place double RUT calender #3: Buy to open RUT October 24 (week4) 2013 1040 putSell to open RUT October 17 (monthly) 2013 1040 putPrice: $5.80 debit. Buy to open RUT October 24 (week4) 2013 1040 callSell to open RUT October 17 (monthly) 2013 1040 callPrice: $5.70 debit. I'm confused on the reason for purchasing both calls and puts with the same strike and expiration's, why not just double up on the put or call side. I always thought of a double calender as having 2 "tops" not when 1 calender lies directly on top of the other. Clearly I'm wrong. Quote
Kim Posted October 10, 2013 Posted October 10, 2013 No you are not wrong. We discussed it here. You can do double calls or double puts, doing both just gives me some more flexibility in terms of setting sell limit orders and adjusting. Quote
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