I think GP disagreed with your assumption that a $1.1/-$1 coin flip was worth $0.05, so they'd pay more for the $0.6/-$0.5 coin flip than for the $1.1/-$1 flip, but still less than $0.05.
I guess you wouldn't pay $499K for a $1M/$0 flip
We are discussing if the share price of a company that publishes numbers in line with expectations should go up.
If by expectations we mean the numbers published by sell-side analysts they may or may not be close to the actual market expectations.