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BBV come sweat the stock market with me
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 |
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