Replies to post #143 on Theo's Poolside Discussion of Trading Delights and

[Theo]

And, I see now that those same $22.50s are up to almost 0.70 ($2.38/share/contract )so had we bought those contracts yesterday, we could sell them right now for a cool $1400... Not bad for an overnight hold eh? ;-)
...other than we would've had to risk $3400 first...

[100lbStriper]

in essence i get it but its in casino terms cuz thats the way i'm wired. its basically a bet on something to happen in a certain time frame with varying buy ins depending on where you are speculating it to go.

like me watching card flow and knowing the range of my initial 2 card hand prior and betting accordingly but with even money and 3-2 at best for a pay off.