Playing & Trading Strategy

Mad Max: Fury Road DouglasPennington May 07, 10:51

If it feels good do it! Talbain May 07, 11:17

Correction: short the PUT option. I really wish we could delete a post when there is a typo. {nm} CactusLand May 08, 07:12

If you're betting on Max winning, I'd short the call option. CactusLand May 08, 07:10

*short the PUT option. {nm} CactusLand May 08, 07:13

wasn't AVNG2 a reminder why not to short a PU.. best case you earn 40k, worst case you lose 10x that {nm} andy007 May 08, 08:22

I think that's the OW not the PUT or Call. If it makes its strike. then it cashes out at 0. So the most you lost on avengers PUT if you Dorfman May 08, 08:26

Definition of a put from any put derivative on HSX Dorfman May 08, 08:27

but avng2.pu cashed out at $23, if you shorted then you lost ~$20/share {nm} andy007 May 08, 09:25

Correct. The most you can lose on a long is purchase + commission. Your ability to lose money on shorts is infinite. {nm} Initech May 08, 10:31

Well yes cause the PUT price got so high and then cashed out at zero.. {nm} Dorfman May 08, 11:12

oops sorry got it backwards.. {nm} Dorfman May 08, 11:13

The put cashed out at $23.73, the call cashed out at zero...I think you are confusing the two {nm} lapuckfan May 08, 11:14

yeah I got it backwards. LOL {nm} Dorfman May 08, 11:16

could have worked the other way around if you had shorted the call and the price was at 23 {nm} Dorfman May 08, 11:14

and avengers made their strike. {nm} Dorfman May 08, 11:14

And avengers if it had done say 238 (strike plus the price of Put when delisted) then you would have made 394k instead of lost. but alas Dorfman May 08, 11:16