Re:Introducing Multi-Leg Options Strategies
by jonknee on Wednesday June 13, 2018 @11:42AM
(#17304131)
It's just different ways of describing risk/reward. Unlike a casino you can take either side of the contract.
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Re:Introducing Multi-Leg Options Strategies
by ryandrake on Wednesday June 13, 2018 @12:09PM
(#17304373)
It’s more like poker in the casino. There are at least three sides: player A (you), player B (your counterparty), and the casino (Wall St.). It’s zero sum between A and B, but the casino always takes their cut. +EV for the casino means -EV for the players on average
Re:Introducing Multi-Leg Options Strategies
by function_seven on Wednesday June 13, 2018 @12:22PM
(#17304530)
Yeah, I always visualize large ask/bid spreads as the "rake".