Your probability of touch when the trade was executed was over 1 in 4 so the 1 out of 6 trades failing is nonsense. After Friday's drop, your POT is double what it was 2 weeks ago. That makes your initial incorrect assumptions even worse. Given that you claim that you will cut your losses, your POT number for hitting a 25% stop loss are even higher. You have no clue what the stats are for this trade and the claim that this trade will provide a profit of $6,900 is gobbledygook.
[QUOTE} Here's an update 10 days into the trade. Subtract the last column, profit is $624.55 , doesn't appear to be much for all the hot shots trading onesies-twosies touting 45% return, remember this is 10 contracts. Representing 1 trade in a decent size portfolio..[/QUOTE]
Crowing about a trade being up $624.55 in does not validate your lack of understanding of options. Nor does the fact that it's now a losing trade. Any idiot can place a bet/trade. Understanding the underpinnings is a different story.
