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February 25th, 2011 at 5:56 pm
The 780 profit was because of a mispricing the the options after the VIX drop today. The 710 put ask price was 1.90 and the 720 ask price was 1.50. That big offset made the midprice of the IC to be $0.23 and the natural to be $1.45
I tried to fill at $0.23 but I knew it will never fill:)