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| User Info | Would like to trade my first options; entered at 2012-05-31 22:42:57 | |||
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Pokerplayer Posts: 190 Registered: 2012-05-29 U.S. 
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Hi British, thanks for the reply, I saw $102 SPY OCT 12 Puts the other day for $1.35 You buy in 100 share blocks so $1.35 x 100 = $135 ... 200 shares = $270 + commission If SPY hits $80 $102 - $80 = $22 and $22 x 200 = $4,400 So $4,100+ profit on less than $300 investment Those calculations are correct or incorrect? I realize $102 - $1.35 = $100.65 is breakeven and under is profit, but my price target is $80 so that's where I got it from. Last modified: 2012-05-31 22:44:21 by pokerplayer
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