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You should keep this like gold including any other paperwork. Mispricing across Strike Prices and Maturities A spread is a combination of two or more options of the same type (call or put) on the same underlying asset.
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This feature obviously renders delta-neutral hedging as impractical when the binary put option is at-the-money with very little time to expiry or extremely low implied volatility. TradeKing's Fixed Income platform is provided by Knight BondPoint, strike price is the price at which owner (buyer) of the PUT option can sell the underlying asset to the option seller, no matter whatever is the current price of the underlying asset.
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