I'm thinking about it.....................................
1. buy oppies @5c +12c strike = 17 c. do I expect it to get to 17. Of course. (and you get twice as many)
2. buy heads @ 11; a 50% increase gets you 16.5 c.
Let's pretend it hits 17 and stays there.
Profit on oppies = 0
Profit on heads = 50%
Just my thoughts, just as I respect yours and appreciate you making me think
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