"Well, then obviously the 140 SPY Call is not IN-THE-MONEY Eough, when the Spy is only at 142!!"
Try oct 125-135 call on this chart and take a look. u may get more than $6 gain
These are not random facts. The chart speaks all. It depends on stocks and it's volatilities and how far deep in the money.
Try to do some research on option using these charts.
I prefer 2*QQQQ instead of QLD for better spread in bid/ask price.
http://finance.yahoo...&s=qqqq qld qid
So even though I've shown you how you can get 4-5x the leverage as you would get buying QQQQ, or 2-3X the leverage of the QLD, for less money, less risk, safer downside, etc, you're gonna keep doing what you've always done.
You Prefer it.
Is there any basis for this "preference" other than habit? I asked the chart, but it just wouldn't speak for itself. . .
Please forget the SPY calls. They cost a fortune and are not as liquid, I think. IWM calls would work great too, I think.
My QQQQ example seems a perfect example of what I'm suggesting, as an alternative to the QLD. Which is what I asked the board about to begin with.
All I understand is that you simply buy twice as many QQQQs, rather than the QLD? Huh? That's fine if you have unlimited funds, I guess . . .
After all your posts, I STILL have no idea if you agree or disagree with my idea, or what you are going on about? Sorry.
Scott