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The trader has a much higher probability of making money on the trade because the stock price has to rise substantially more before the position gets into trouble. The downside to this approach is that the stock price does not have much room to move against the trader's position, as even a small unfavorable change in the stock price will leave the spread in-the-money.

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The odds could be translated into the an implicit probability, that you'll new assess with your real suggested probability to determine if you've got an edge or otherwise not.

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