Can the financial markets give you a better than 1 in 38 chance of turning $30,000 into over $1,000,000 within a year before you lose your initial stake?
If you assume that option prices are well-calibrated, you could just buy $30,000 of any kind of option that would pay off $1,050,000 if it ended up in-the-money. Not sure that’s a fair assumption though.
Can the financial markets give you a better than 1 in 38 chance of turning $30,000 into over $1,000,000 within a year before you lose your initial stake?
If you assume that option prices are well-calibrated, you could just buy $30,000 of any kind of option that would pay off $1,050,000 if it ended up in-the-money. Not sure that’s a fair assumption though.
Someone has to be selling such options, and I’m not aware of anyone who is.