40x instead of 100x, oh ok, that makes all the difference in the world. A loss of 100x is terrible, but a loss of 40x is acceptable. I see. And, of course, 100x loss is totally unknown in options.
About going back and checking options quotes for anyone who posts here, I happen to take them at their word, and they said $50 to 50 cents. I don't appreciate being taken to task for making up numbers. If you are going to do this, you had better search the thread first. If the poster made an honest mistake, so be it, but that is different than making up numbers.
As far as the rest of your comments, read my lips. I do not care what strategy you choose, and there are gobs of valid options strategies. Some of them are gambling, even if you are in denial about that. Gambling is not a bad thing, I do it myself. But not all strategies are for me, in fact I only use options as hedges to protect my common, as cheap plays on stock moves, and for OTM leaps on solid stocks. That is valid for me, OK? |
