Tell me where I am looking at this wrong. Say I have a 100K account and I want to make a 10% gain on a 2% investment in the account. The investment would be $2,000 for a gain of $200.
As a comparison to what I am about to write, I just closed out a 2 day trade on BOIL that netted me 7.4%. Not 10%, but close.
Let's say I want to take you up on your plan. In my assumed $100k account I would normally invest 2% or $2,000 and if I expect a 10% profit that is $200.
To make $200 with the TNA option you described with each option having the profit potential of $50 would take 4 options. For 4 options the loss is $2,000 ($500 each option), the same possible loss for buying BOIL. The difference is probability of total $2,000 loss on the options is very high whereas a loss of even 10% on BOIL is very low.
Maybe this is how the big trading houses (and you) make very good money, but for me it is too risky.
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