How do you use columns O and P? Lerogee did mention that these were probabilities, although the interpretation gets confusing when the options are both undervalued or one is undervalued and the other is overvalued. I was messing with it trying to make it work with max/min and abs functions in excel.
Line 9 is bearish (per conclusion column R). Check out column L and M; shouldn't line 10 be Bulish? Maybe I misunderstand. Can you tell me how columns O and P are used as a decision support tool?
I’m not trying to bust you up about it, just curious as I have yet to get this to work here myself in the context of “probabilities”.
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