RE:RE:RE:RE:RE:RE:Optionsor looking another way, the stock goes to your shorted $54 call:......... you paid $1.50 a share and made more than 10 times your investment - what leverage!
puma1 wrote:
if you shorted the $54 calls and shorted the $30 puts you would only have to have laid out about $1.50 a pop for all those $40 calls. If the price is north of $54 you locked in your profit upside but that is still 25% plus on the $40 call.