lol i didnt check your maths, but the principles behind what you said was correct! SP goes up alot- options go up more than the heads SP goes down alot - options lose 100% SP goes sideway - options lose a little bit
Thats the basic principle of options. If the SP goes up a lot you are laughing. If it goes sideways or down, you will end up behind.
You need to have a lot of confidence or be quite risk tolerant to invest in options.
Or understand the mechanics behind decreasing capital while maintaining equal exposure to the company ( as GS alluded to in his earlier post). What GS talked about is using options to leverage the upside which is essentially decreasing risk by decreasing initial upfront capital required.
CCC Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held