This limits your upside potential doesn't it?
If PCLN goes to $900 , you're still maxing out at the $25k. The only benefit I see is if PCLN goes against you, then you're making .50/contract.
So wouldn't taking half off the table at a double, eliminate your risk, and give you unlimited upside?
Correct me if I'm wrong, and thanks in advance.
"Everything in existence is based on exact proportion and perfect relationship. There is no chance in nature, because mathematical principles of the highest order lie at the foundation of all things. There is nothing in the Universe but mathematical point