SPX 0.00% 0.7¢ spenda limited

It's just the beginning for Spenda!, page-199

  1. 15,245 Posts.
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    Rule no2, when they give you options at point one of a cent,and then someone wants to buy them at fifty times that, you cant say no. This just about covers your original cost if you got in eatly enough.

    It is clear the falling knife is much sharper than anyone thought but like a lot of penny dreadfuls, it's a waiting game. The ratio of buys to sells does create some issues with the heads and option pricing. Be careful in that regard.
 
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