### Comment:
Granted. But even if it started at 25 and dropped to 1 and went up to 50 it would be the same as if it started at 25 and went straight to 50 in the same time frame. The percent gain at the end would be the same, no?

### REPLY:
The gain as a whole, sure, but not the gain from the bottom. It's why theta gang wins- options lose value once it moves against you.

### END.