Hi! I have a very basic option question. When a broker quotes some options, it has the following format: May 65/70 C/s, 1.3 offer bsxx 62.75 So I have the first bit, (may call spread 65 vs 70 strike, offer is at 1.3 - but I don't get the last bit (bsxx 62.75).
I guess bsxx stands for basis cross but I don't get why it is important for the pricing of that option structure?
Where the future/underlying is trading on these I'd imagine.
Thanks for the input. But why adding it? What is the purpose (if it was delta hedge I would understand, but why a full month??)
Rerum expedita nulla ratione aut excepturi eos tenetur voluptatem. Accusamus ipsa rerum blanditiis aut ipsa omnis fugit. Quam sed consequatur fugiat ab dolorum possimus eveniet quo. Nesciunt illum laboriosam ipsum exercitationem vitae ut debitis fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...