What's the minimal number of legs, and type, for either of these (see attached): "risk free projection core".
this could be 2 legs like a backspread (where he chops off the curvature (right side) of the graph or some layered entry where he takes on some delta risk initially then slaps on an extra layer trade 5 days later to raise the pnl graph.
The layered portion comes later. Those posted were curves at the initial execution. At least 3 strikes are involved. My questions are what is the minimal number of legs and types of options used?. Obviously diagonals and/or calendars are involved.
I don't know the complete answer. Only what is obvious from the graph: 3 strikes are involved, and the "shape" indicates different expirations are involved, short the front and long the back.
I've seen similar patterns when I have diagonals I've been rolling and have one or both longs itm...as far as opening all three legs simultaneously??? I can't imagine that without legging in. Maybe we're missing the O'Hare spread short $248 call...how many legs do you count for that?
probably some diagonal + smaller size calendar + back week call be careful with that imaginary P/L line and risk-free claim he doesn't know the risk, yet -- you can try something simple instead: staging some put back spread campaign :]
This is one of many a "system" peddled by a "guru" called Ryan Jones. Every few weeks he comes up with some exotic option spread system to sell to his client list. He mixes some truths with the peddling, but I admit that some of his ideas are very low risk. This particular example, I have not figured out yet, hence my reason for the thread and questions.
Monday on the close, and after the adjust on Tuesday. I think the adjust is an added calendar or diagonal, or a partial exit of the lower price diagonal.