if you short the contract does that mean the bet is the market cannot close down more than 150? cause dow - 198 at close which makes "can't lose" always a stupid thing to say
Yes. The "Minus 150" contract would settle at 100 because the day's settlement was lower than 150 points. It gets goofy when the market is near a "strike price" during the final minutes of the day.
its so funny to see these people trying to pick tops, its stupid they know it YET they keep trying. its like they want to look like a genius so bad their willing to lose money for the sake of it.