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Originally Posted by barn32
What would happen (other than having to outlay a lot more money) if you bought, say a 55 strike IWM call for around $55.55. The extrinsic value being only .55¢ vis-a-vis the over $2 premium with the 108s?
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If something cataclysmic happened and the Russell opened up 200 points down one morning, I'd be out a helluva lot more money if I decided to bail. That's for starters...
What would be the benefit of spending so much more for essentially similar protection to the upside?
