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Re: crutchy post# 27372

Wednesday, 07/17/2019 3:17:55 PM

Wednesday, July 17, 2019 3:17:55 PM

Post# of 34626
I'm trying to understand the action on the Aug $15.

Rough numbers example:

Aug $10 (ask $1) = over $11 is profit

Aug $15 (ask $0.50) = over $15.50 is profit

You can buy twice any many Aug $15 as Aug $10 as the ask price is half for the $15's, but profit is much less.

Let's say it goes to $17,

The $10's make $6 profit
The $15's make $1.50 profit but you bought twice as many so profit (for the same investment amount) is $3

Am I missing something?
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