The post below this one informs us that the BBC thinks "poor numeracy blights the economy and ruins lives."
Consider then this cameo pricing model that I grabbed from a well-known supermarket's on-line shopping site this morning when I sent in my weekly order.
I'll leave you to figure out which is the best buy and then to decide whether buying the wrong pack will ruin the economy. Buying the wrong pack certainly helps the store's economy; whether it will blight your life is for you to say. You might also think about why the store describes the six-pack as "Special Value." (Note "Add" above is not an arithmetic opertor. It means "Put the item into your on-line shopping trolley.)
Oops . . . I almost forgot! Today I redeemed my open FTSE options position by buying 7 x September 6200 Puts and 7 x September 6750 Calls. This position was originally opened on 8th. August 2013. The FTSE 100 Index did not stray outside this 550 point range while the contracts were in place. Here's another little numeracy conumdrum. If I had chosen to invest all my September profit in the better of the two offers above I could have ordered 2,222 packs with a few beans left over. THAT'S how profitable option trading can be!
Having bought back the September contracts, I "sold to open" 7 x 6150 FTSE Index October Puts and 7 x 6750 October Calls. The net of these trades (buying September/selling October) is not guaranteed profit yet - but it has temporarily stored a lot more tins of beans in the bank. Listen out for more . . .
Oops . . . I almost forgot! Today I redeemed my open FTSE options position by buying 7 x September 6200 Puts and 7 x September 6750 Calls. This position was originally opened on 8th. August 2013. The FTSE 100 Index did not stray outside this 550 point range while the contracts were in place. Here's another little numeracy conumdrum. If I had chosen to invest all my September profit in the better of the two offers above I could have ordered 2,222 packs with a few beans left over. THAT'S how profitable option trading can be!
Having bought back the September contracts, I "sold to open" 7 x 6150 FTSE Index October Puts and 7 x 6750 October Calls. The net of these trades (buying September/selling October) is not guaranteed profit yet - but it has temporarily stored a lot more tins of beans in the bank. Listen out for more . . .
