I wanted to get your thoughts on showing your work for calcs for options.
For example. I don’t remember the formula for a lot of the option strategies but I understand the underlying concept and how it works which works far better for me than remembering some formula which will just confuse me
For example, I don’t know the formula for figuring out the breakeven price for a butterfly spread, but when I look at the numbers it’s very easy for me the figure out in my head.
If I got a question in the test and it wants the break even price and I just write the answer, would I get full credit? let me know your thoughts.