bocxman, you are right, I meant short delta. I traded options on commodity and financial futures - mainly Nat Gas, WTI Crude, and most major financial indexes (i.e. S&P, Nikkei) for a $1B hedge fund. Hey, if you think about it buying BOCX here is like buying a call option with a fabulous risk/reward. How many times did you pay a $1.05 premium on an option, only to find your investment worth ZERO in 60 days?
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