The probability of profit is the likelihood of the stock closing at least $0.01 better than the breakeven point of an options trade, resulting in a profit. Learn more from Mike about the probability of profit and its relation to the delta of a trade.

0:00 Introduction
1:03 Probability of Trade Making $0.01
2:45 Low Probability Trade vs. High Probability Trade
5:38 Delta: Probability of being In The Money
8:49 Takeaways: Probability of Profit
10:52 Questions/Contact info


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