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Playing & Trading Strategy

Break even nothing more (actually lose 1% from commission)

Posted by: srrichardson on Dec 15, 22:56 in response to blaze223's post Is holding them all just like covering every number on...

If you take best director, there are 12 options at $5 each ($60.60) to buy 1 of each, 5 of them will cash out at $12 (the successful candidates) and the rest at $0 - so you get back $60 - a loss of $0.60.

But, if you buy the 5 and short the 7 (finding your crystal call first), you get back $130 - a nce profit (but much higher risk)





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