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User 183217 » Comments » DRIV

  • Tuesday Options Outlook: XLE, LEH, NSM, DRIV, MVL, RIGL, QCOM [View article]
    "short put butterfly strategy, buying 20,000 lots at the June 83 strike for $2.23 and selling 10,000 lots at the 84 strike for $2.23 and against at the 86 strike for $3.15, initiating the trade with a 4-cent credit per contract"

    does "buying 20,000 lots" mean buying puts?
    does "selling 10,000 lots" mean selling puts?
    does "against at" mean selling 10,000 puts?
    does "4-cent credit" mean $800?
    how do $2.23 and $2.23 and $3.15 end up at 4 cents?
    Jun 05 12:01 pm |Rating: 0 0 |Link to Comment
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