ChapterJolly8220
ChapterJolly8220 t1_ixtpiwt wrote
Reply to comment by drewski2305 in It was nice knowing you guys. by cyuvlol
I’m sorry what? He’s only down 8% on this trade. It’s only coincidence that his break even is so close. It’s all about what premium you bought it at and the Greeks
ChapterJolly8220 t1_ixt8lht wrote
Reply to comment by T1m3Wizard in It was nice knowing you guys. by cyuvlol
Breakeven price has nothing to do with profit.
ChapterJolly8220 t1_ixtrc97 wrote
Reply to comment by drewski2305 in It was nice knowing you guys. by cyuvlol
Breakeven is does mean the profit price. My Breakeven on my current trade is 413 (strike 407) but I’m up 5%. It’s all about what the price is AT expiration and if you’re trading options until expiration - you’re doing it wrong