Originally Posted by HonestChieffan
Must be new math. Good luck in your endeavors.
Then tell me what's incorrect. If your stock option is underwater (strike price is higher than actual stock price), you won't exercise the option and your option is basically worth $0. You can't lose money on an option. You can only not make money on it. That's at tremendous difference in terms of downside risk.
Rather than insulting, tell me what is incorrect.