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> Ok, the trade may not be or isn't doable as a long butterfly or a package,
> but legging in, which is the default using a brokers' screen, it could be
> doable or there is a higher likelihood of being filled, right?.
> For example,
> I'd have to enter four orders to place the package and each may be handled
> by more than one individual. The prices I look at are on a prime-broker
> account screen, not pcquote or esignal and so on.
>
> If it's taboo as it were to bid such a spread, is it also
> uncustomary to bid
> the reverse of the hypothetical example, that is, a short butterfly spread
> that results in a debit? I'm not sure why you'd do that, though.
Colin, my only concern would be getting all four legs done before the close.
Sometimes one or two of the four legs will be off because some market maker
is attempting to dress the close to reduce his haircut. My experience has
always been that if you cannot get the trade done in the last hour of
trading, you will not likely get it done on the close (in pieces or as a
package). There's nothing worse than going home with three of your four
legged spread done.
Sean
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