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By the expiration date, the price tanks and is now $62. Because this is less than our $70 strike price and there is no time left, the option contract is worthless. We are now down to the original investment of $315.
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so in the above example the discussed, my contract expired and it did not reach the expected figures.
why do they say im left with my initial cost? Dont you lose everything if the options are worthless?
this is from
HERE
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