We all know that trading options is exciting, highly competitive, and can be very profitable. The key to long term and consistent profits in option trading is options education. The McMillan Mentoring Program, which is run by former Market Maker, white badge AMEX Floor Official, professional trader, and longtime MENSA member Stan Freifeld, can take your trading to the next level. To see where you stand, take Stan’s Options Challenge by answering his question on the first Monday of each month. Good luck!
Stan’s Options Challenge: Question #1
Buying 1,000 shares of stock at $51 and buying 20 Feb 50 Puts has the same profit potential and risk as which of the following?
A) 20 Feb 50 Calls
B) 10 Feb 50 straddles
C) 10 Feb 51 straddles
D) Being short 1,000 shares @ $50
Email your answers to stan@optionstrategist.com or call Stan at (973) 362-4558 to discuss the mentoring program.
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