Let's analyse this strategy with Greeks :
So Long far month ITM Put with short ATM ..current month Put.
Basically...
Long Delta
Short volatility
Neutral time value. ( Since long put will have +I've tv ..n short AtM out would have -ive TV)
What's the rational for ITM long ...u can easily have long Sep futures ..at least u will save on the time value lapse of ITM !
Correct me if I m wrong.
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So Long far month ITM Put with short ATM ..current month Put.
Basically...
Long Delta
Short volatility
Neutral time value. ( Since long put will have +I've tv ..n short AtM out would have -ive TV)
What's the rational for ITM long ...u can easily have long Sep futures ..at least u will save on the time value lapse of ITM !
Correct me if I m wrong.
Sent from my Redmi Note 3 using Tapatalk