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Porgie Tirebiter

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Porgie Tirebiter

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Re: shankapotamus post# 1467

Thursday, 09/15/2011 9:06:03 AM

Thursday, September 15, 2011 9:06:03 AM

Post# of 1796
You bought long O.T.M. front month puts? No hedge? No capital protection??

To me that's just straight up gambling. With very poor odds besides. You need FAS south of 12.60 before you can even begin to profit. And you only have two sessions to do it. FAS above $13.00 and you lose it all.

You would be much better off just betting red on the roulette wheel. At least the odds are around 47% on that bet.

So where the hell was Biggles, when you needed him last Saturday?

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