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Strategies & Market Trends : Advanced Option Strategies

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To: ringo99 who wrote (203)	9/9/1998 11:35:00 PM
From: AurumRabosa	of 355

Roger, I don't think you missed a thing. Your example at $125 shows why the wings are flat lines. As to the $25 loss in the wings I'll check my calculations closer next time. I do see that I should include the commission for being exercised on the high side of a long call butterfly though which means N3 < N1.

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