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No, you can make a lot more than 2 bucks.
The put works the same way as the call, but on the downside. Say PIRA4 opens at $80, and you've shorted the call, and are long the put, both at IPO. You'll make H$2 on the call. But you'll make H$8 on the put (90-80=10, and 10-2=8).
No, you can make a lot more than 2 bucks. May 12, 23:11
if I am confident in a movie vis-a-vis the call/put numbers, e,g, FFUR5 or JUMPB, I short put & long call May 12, 09:40
I play every opener, and all derivatives, period... May 12, 21:18