See how quickly you can blow up an account!

This is fantasy land.

@wxytrader if you trade a 5$ wide vertical on spx ATM, you get slightly better than your 100%...
Fees and commissions are very low for this type of trade.
The vertical I mentioned will have approx 230$-250$ risk for 250$-270$ reward, and it will cost you less than 3$ to enter...

Then, what's this fantasy about the 0.01 itm of binary advantage?
Even a vertical spread will pay in full if the all spread is itm by any amount.

Can't compare binary to single legs, obviously.

Also, check Dustin Journal for some 1000% return on some single option legs...

 

I usually see a risk reward of about 3:1 writing $5 wide on spx.

 

How does that work with verticals?

 

One could buy at mid, and have a 2.60 risk 2.40 reward of the 5$ width.