Replies to post #65242 on Option Millionaires

[Mikey]

here is the downside to my F trade........it was actually a stupid trade.........dont ever do it like this.....EVER........EVER EVER.....

100 contracts .01 = 100
cost of contract 75x2= 150 (in and out)
broker fees..........= 20 (in and out)

total cost 270=.027

so anything above .027 on that call is PURE profit......

and i am gonna be fine, but i needed a triple just to break even.....and that is a HORRIBLE trade, regardless of whether i made money or not..........HORRIBLE!

no bs no spin zone here!

did ya learn anyting?........