Let me ask a simple/dumb question here. I am not sure if I understand the risks there. New hand ah.
Let us say I want to sell 1 IWM73 call Nov11 2011 , also sell 1 IWM76 put Nov11 2011.
What is going to happen if IWM>76 73<=IWM<=76, IWM<73 afte the close of the day?
Not sure if there is any other potential risks I am not aware of.