NITA, it is you that has the general concept wrong. Get to know the difference between rational investment, and gambling. It is not rational to hold an option at 30c watch it downtrend to 8c then say if you lose the lot you can live with it. Why didnt you average down buying as the op dropped when you are so right, and the market so wrong that way you might have lost more. The Macdunks never leave with their tail between their legs, infact there is a MACDUNK GOT IT WRONG THREAD.
Rational investment is take the emotion out of the decision. A perfect example of this is arranged marrages which seem to work better if you go by the divorce rate. Is it rational to think that the NZO sp will be above $1-50 in seven months time that is all that matters not who is right or wrong. I doubled my money twice with my 9c option money in hindesight i could have tripled it by selling on the way back at 27c but thats life we all make mistakes. Macdunk