Mr Options Strategist, the zero on the wheel is already owned by...

  1. 1,257 Posts.
    Mr Options Strategist, the zero on the wheel is already owned by the ASX. They are running the 'casino'. You are just another punter with another system.

    You have to pay transaction costs to write your balancing calls and puts. If the call and the put are truly 100% balanced then these costs will put the position into guaranteed loss.
 
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