SPY

http://stockcharts.com/h-sc/ui?s=spy

With SPY at 203.13

Sept 205/200 bear put spread for a net debit of $207

Price........ Profit / Loss........ ROI %
150.00............ 293.00.......... 141.55%
170.00............ 293.00.......... 141.55%
190.00............ 293.00.......... 141.55%
200.00............ 293.00.......... 141.55%
202.93................ 0.00............. 0.00%
205.00........... (207.00)....... -100.00%
210.00........... (207.00)....... -100.00%
235.00........... (207.00)....... -100.00%
250.00........... (207.00)....... -100.00%

lottery ticket.

references are too many to quote.
 
I like the way you put down the underlying price - I have a 2007 diary with bout 85 winning option trades, without one loser, and I never wrote down the underlying for all but a few.

Then, along came a spider!

If only I knew then what I now know:rolleyes:

SPY options are bit hairy this weather, especially as they can't be traded till US market opens!

J_S
 
If you were trading ES futures, I would call that a lottery.
You're obviously taking a sensible and limited risk approach to trading with Options so it's all good.
 
Comon baby... daddy needs a trip to Paris.


:p....if I have a good day in the market...i want to buy this 2004 Benz SL500 :)
2004_SL500.jpg

http://www.ebay.com/itm/201611915605
 
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