“profit is $100 because that's what I collected, and I'm…” — Chat With Traders at 20:38
“profit is $100 because that's what I collected, and I'm not willing to lose net more than $200, what I'll do is I will stop out or buy back the option if it goes to a price of $300. So if we step back, if I sold it for $100, but I paid $300 to close out and get out of the trade, I've netted a loss of $200 or $2X.…”
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