Guaranteed way to make big risk free money in options.

vob1766 · Feb 23, 2009

10000 options @ 1 penny is $100, not $10,000. Whoops (in addition to all the other problems cited.)

KINGOFSHORTS · Feb 23, 2009

Quote from vob1766:

10000 options @ 1 penny is $100, not $10,000. Whoops (in addition to all the other problems cited.)

heheh I hope you double check your math there regarding an options contract and the underlying shares they represent

newguy05 · Feb 23, 2009

Quote from atticus:

Right, and comms will run you $10,000 netting a big, fat goose egg. Brilliant Bro -- now please get back to playing in traffic.

lol hi atticus, welcome back.

vob1766 · Feb 23, 2009

My bad. It is $10,000. I forgot you were dealing in stock and not futures. Still a recipe for disaster.

jj90 · Feb 23, 2009

Quote from KINGOFSHORTS:

Laugh it up guys. But wait till I offer my 5,000 dollar options course. "The secret penny no one tells you about"

I will be laughing to the bank as I teach my class filled with high net individuals such as doctors fat with money etc.. who are looking for easy risk free money. (former Madoff/Standford) customers get an extra 5% off and notification on an upcoming taxfree offshore tricks class.

The first part of the class I will discuss how options work etc.. then the second part is the secret lesson.

Think you've been had guys. Lost in translation eh?

Trader666 · Feb 23, 2009

Hey on ET ya never know... was Hershey kidding too?

Quote from jj90:

Think you've been had guys. Lost in translation eh?

atticus · Feb 23, 2009

Quote from vob1766:

10000 options @ 1 penny is $100, not $10,000. Whoops (in addition to all the other problems cited.)

The multiplier on listed eq options is 100. $.01*100 = $1.00.

riskfreetrading · Feb 24, 2009

Quote from KINGOFSHORTS:

You guys are right, terrible Idea. Forget I mentioned this penny idea.

Is that what you think or what you want them to think? You are a smart fellow.

Trader666 · Feb 24, 2009

Selling 10000 contracts at $.01 would gross you 10,000 dollars.

Quote from KINGOFSHORTS:

10000 contracts will net you 10,000 dollars

gym · Feb 24, 2009

bad idea in this market where black swans are like pigeons in central park... look what happened to lehman (and others). bad risk/return, make a few pennies elevn times a year, lose several dollars on one trade.