Is your option position better than flipping a coin?
Use this calculator to determine if the option position is worth trading or not.
NOTE: I know this is an oversimplified concept because there are way too many variables to look at in a trade setup. However, it is still a useful factor to consider because there is no reason to trade a very skewed win-loss ratio trade and not getting enough return. For example, 20% winning ratio and only getting paid $500 for every $1,000 that is risked.
