I was going to mention you in this thread, but did not want to drag you into what I thought seemed an outrageous trade. Based only on intuition, mind you. BECAUSE I WILL NEVER UNDERSTAND OPTIONS! Was he talking ITM, ATM, or OTM strikes for 2023? That's an extra dimension I always forget about!
Just look at the current price. ATM/CTM is at/closest to the money; ITM calls will be below it; ITM puts will be above it. You should be able to figure OTM from there.
That was hypothetical. Obviously, I can just take 100 contracts for 100*100 for 10k at the end of the year. I did get the math wrong earlier, I meant 100 contracts. +/- 10k at the end of the year is more than enough for a test. Also I'm only doing this in January because I'm just betting the year 2022 will close positive. If I place the bet now it makes no sense, I don't know where the SPY is going to be on Dec 31st.
I can't look at current price. I can only imagine it from his hypothetical, which is SPY at 430.00 on January 2, 2022.
Wait.. So you just browse/reply to every forum looking for viewers for your show?! Well We'll see what it looks like in Dec. We're still 3 months out Jim.
Don't even go there dude. I preambled that I do not know options 3 hours ago. AND YOU LIKED THE POST! So you saw it. But here is a refresher... https://www.elitetrader.com/et/threads/insane-binary-options-trade.361993/#post-5468234 You need a plan.
Most people wouldn't, because most people do not know how to LISTEN. Many traders lose their souls in their work. I try to bring them back to their nature. A man a plan a canal Panama. If you get that one figured out without Googling it, you are on your way. Right @BlueWaterSailor ;-)
Probably not, but I have not ever given her a fair listen. I'm still in prog-rock mode, of a sort. But I hear so much stuff, and enjoy it all equally.