My "nope" in answer to your question:
"if you can make 10x your money on that SP movement then presumably there will be a similar sized loss if it goes up in price by the same amount?"
I never said NOPE to not being able to lose money. Please read what you've written and try to keep up with your own conversation, it's not hard to do.
So no, I won't lose $25k or anywhere near that amount based on my latest $2k put options add-on. Go learn how options work - This is 101 stock market stuff.
The faster the rise..., page-108
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Last
$6.22 |
Change
0.070(1.14%) |
Mkt cap ! $5.813B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $13.54M | 2.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 12273 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |