Wisdom is useful even in hindsight. What were the odds of collecting 20-1 vs 28-1 given the wide diff in strikes? I'd say 10-1, maybe even more, in favor of the lower strike. And in the long run a much better net payoff. Get a new pair of glasses.
It's simple math 101 ..... the 600 calls have a better return than the 570 calls. 600 calls - buy at $0.35 sell at $10.00 - 28x 570 calls - buy at $2.00 sell at $40.00 - 20x
Guys he's a forex trader, not a stock options trader. Give him props for taking the trade, but it's clear his expertise is not in option strategy, but rather forex strategy.
Just ran across this tidbit...how do think this might effect Goog? <b>Free Software activists to take on Google with new free search engine "Free software activists have released a peer-to-peer search engine to take on Google, Yahoo, Bing and others. [...] The free, distributed search engine, YaCy, takes a new approach to search. Rather than using a central server, its search results come from a network of independent 'peers,' users who have downloaded the YaCy software. The aim is that no single entity gets to decide what gets listed, or in which order results appear."</b>