Replies to post #27479 on Option Millionaires

[VERITAS77]

.01 x 100 = $1. CONTRACT
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No, you are right on.

you could get 500 contracts for 500 + commission.

back test/look at the chart...it took 2 years to double...while the market doubled...
so the odds on doubling in 10 months is low...but possible.

It seems like a nice risk / reward senario...

Maybe get around 250 contacts for about 300 bucks total.

Really cheap...but the odds on getting the contracts at bid and not the .03 at ask...are iffy as well.

***NICE FIND THOUGH.

It may expire worthless or... make you up to 100x's gain. so 300 would be worth 30,000 smakerz.

about a 10% odds... to make 100 x bagger.