Quote from gobar:
what is a naked call?
i have searched over the internet and got a rough idea about the naked call.
CME 780 Call is trading @ .40 cent. No way its going to 780 in 15 days. so if i sell the call which is @.40 cent what is my profit and whats my lost?
anyone thanks
Quote from arizonadreamer:
Almost.
Rough numbers:
I legged into the position and on the 2:3 received a credit of almost 1.50.
Max loss is unlimited past around the 491 area.
Max theoretical gain is near 1900+ per combo right on 470 at expiration. My goal is to close tomorrow.
Long shots - I've seen some crazy stuff lately, so we'll see.
AZD