Guaranteed way to make big risk free money in options.

Discussion in 'Options' started by KINGOFSHORTS, Feb 20, 2009.

  1. vob1766

    vob1766

    10000 options @ 1 penny is $100, not $10,000. Whoops (in addition to all the other problems cited.)
     
    #31     Feb 23, 2009
  2. heheh I hope you double check your math there regarding an options contract and the underlying shares they represent :)
     
    #32     Feb 23, 2009
  3. lol hi atticus, welcome back.
     
    #33     Feb 23, 2009
  4. vob1766

    vob1766

    My bad. It is $10,000. I forgot you were dealing in stock and not futures. Still a recipe for disaster.
     
    #34     Feb 23, 2009
  5. jj90

    jj90

    Think you've been had guys. Lost in translation eh?
     
    #35     Feb 23, 2009
  6. Hey on ET ya never know... was Hershey kidding too?
     
    #36     Feb 23, 2009
  7. The multiplier on listed eq options is 100. $.01*100 = $1.00.
     
    #37     Feb 23, 2009
  8. Is that what you think or what you want them to think? You are a smart fellow. :)
     
    #38     Feb 24, 2009
  9. Selling 10000 contracts at $.01 would gross you 10,000 dollars.
     
    #39     Feb 24, 2009
  10. gym

    gym

    bad idea in this market where black swans are like pigeons in central park... look what happened to lehman (and others). bad risk/return, make a few pennies elevn times a year, lose several dollars on one trade.
     
    #40     Feb 24, 2009