But the calculation when using $109 appears to be on $2.99 Even the hypothetical 142% he talks about is forecasted on year. If he thought it was 1share of $109 nominal, he would have mentioned 142% return per week, I guess. Then anything is possible.
By Jove, Watson - you've struck the nail on the head! "Anything is possible" is an excellent description of... whatever all that stuff was. It's confusing, any way you read it. I may have just picked the lesser of two evils without thinking about it.
Damn, that was SO money in the bank. Can't wait until Friday to take in another ~$300. And yes I understand the very basics of options LOL.
Just ran some back-testing on this. I should be making about 59% a year doing this on average over the long term. Nice little ROI there LOL....
I have an arb paying $320K this Friday and it adds BP to my account. Volshift of -800 and a credit tail. Please stop using ROI figures on your r*tarded fantasy sht. I'd have traded it bigger but I traded it nearly flat.
Well, that ROI might be wrong. The return aspect of it is correct, but not sure the denominator aspect is correct. Will try and come up with a better number.
LOL, you are so far over my head I cannot follow. But it sounds like you are about to make a bunch of money, congratulations on that! Meanwhile I'm taking baby steps haha.
I am stating that it's really bad form to extrapolate a trade's ROI in perpetuity. You were in a 60D bull position. There are too many moving parts and it's absurd to do it (ROI extrapolation).
Oh I agree 100%. I'm doing back-testing, trying to anyways. But I agree one cannot rely on that, its just for fun really. I really plan on selling call it just 1 option each week over the course of the year to see the results.