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|User Info||Would like to trade my first options; entered at 2012-05-31 22:42:57|
Registered: 2012-05-29 U.S.
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