Here we go again. Anything you place money on that is not guaranteed is gambling. If you have a edge that is still not guaranteed as the market can eliminate it. like the house you will rake it in until you wont. That being said people make a living gambling ha
sports betting, why not... better than 2.1 on each side, how could you lose? https://www.oddsportal.com/hockey/russia/comet-division-short-hockey/results/
Its funny you say that . My neighbor jumped on a crap stock with huge vol Uavs. It ran from 98 cent to $5 today. He wouldn't sell and was up 3 fold and they halted it or something. It went $1.03
The biggest money I have ever seen made is exactly this scenario. It was Siri at .05 before Howard stearn came on board. My buddy held it for 400%.
Personally I like the over/under for the Lotte Giants vs the Samsung Lions for tomorrow's South Korea League game...
Don't laugh. People not only making a good living gambling, the professional gamblers made millions, billions betting against the house. 1. There are professional lottery players got rich playing lotteries professionally: https://highline.huffingtonpost.com/articles/en/lotto-winners/ 2. Professional horse racing gamblers who made billions: https://www.straitstimes.com/asia/the-gambler-who-cracked-the-horse-racing-code-in-hong-kong 3. Ed Thorp made millions playing blackjack, roulette.... And we traders make a good living gambling/betting against the market makers on stocks, commodities, currencies....
if you were to place a bet, would this be a no-lose wager? Hertz, $HTZ, buy the stock at $4, sell the long December expiry covered call at $1 strike price for $3.45, then add on a naked put at $1 strike, receive $0.60 percentage return on investment, almost zero risk https://www.barchart.com/stocks/quotes/HTZ/options?expiration=2021-01-15
thanks to both you guys, you got me on this one - my maths suck really bad, it was just me believing Hertz would not go to zero. let me know if my maths calculation below is incorrect. buy stock at $4, sell $1 covered call get $3.45, $0.55 money at risk if stock goes to zero sell $1 put get $0.60, $0.40 risk if stock goes to zero total risk to zero $0.95 is this a small risk or huge risk (yes it's still a risk) for this trade on a company such as Hertz - could they bankrupt, will the stock be sub $1 on option expiry date- if so (all unknown, zero guarantees) then my previous post was stupid to say it's not low risk? stock above $1 on expiry net $0.45 on the call + $0.60 on the put = $1.05 profit time stamp, see what happened