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Market convention is for a bid-offer on a package. For example, if you ask a dealer for the market on a 25d RR on EURUSD, the BID would be for the dealer to BUY the EUR Call and SELL the EUR Put; and the OFFER would be where they SELL you the EUR Call and BUY the EUR Put. Because you are buying a package, you would normally not have to cross the bid-ask on ...

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