[ahnuld]

just set up a small options straddle on etrade. What that means is I need the stock to go either up alot or down alot to make money. If it stays the same I lose. I stacked it so I make a killing if the price rises alot, lose money if it rises a little, and make a small amount if the stock goes down. Here are the payouts.


3 740
4 240
5 -260
5.5 -510
6 -760
6.5 -1010
7 -1260
7.5 -1510
8 -1760
8.5 3240
9 8420
10 18420


Notice max loss is 1760 and max gain is huge (for every dollar the price rises past 10 I make an extra 10k). The options expire on november 17th so the price (currently 5.75) needs to really move tomorrow and on friday.


edit: Company is Etrade, symbol ETFC