I bought some FAS Oct 7 puts. The decay factor should let me at least double my money if not triple, right?
Decay factor is going to help with puts that you BOUGHT??? You only want to double your money? I know of an opportunity to make 50 times your money. If your interested let me know and Ill send you my nigerian friends contact details.
LOL! Yeah i guess i should've been more clear with that. The decay factor of the 3x leveraged ETF's FAS/FAZ i was talking about...not the decay factor of puts/calls.
I don't understand the argument that FAS and FAZ will actually go to zero. It's not like FAS/FAZ point to a specific set of options. These guys are updated and re-hedged every day. I seriously doubt there's an on-going "decay factor" that can be counted on.