this coming January .. so 2008.

I admire your nuts for putting out what you have. They closed at 10.65 14.80 and 82.60 on Friday. Let me know when you close out your positions. You can board-mail me. I am not trying to prove you right or wrong in front of people, just curious to see how things would work out if I were follwing your advice.

Great. Let us know the next option you buy and we will see if you can keep it up.

Kudos to you.

http://www.museumtrail.org/images/Cr...letteWheel.jpg

Post the results for all of us to see, make it fun for all of us.

FM Coug, I don't doubt your success one bit, but am curious if you've been tracking your success -- what's been your ratio of successful trades to losses? and for how long?

My guess 95% of people who trade options lose money over the long run. That leaves the 5% of which FM and Nor Cal belong.

Just bought some YHOO Jan 30 Calls at 4.10

If they really are in that 5%, I'm curious what their ROI is. Is it high enough to reward the higher risk?

OK, someone now would have to pay 4.25. You could sell yours though for $4.15. Congrats, you are already up a nickel. :)

I've only been trading real money doing this since March ... so it's way too early to tell what the long run looks like. That said, the account in question is up about 40% in that time frame. So for me, it's worth it. But there is no question this is a high risk / high reward strategy. It's not something I would put a hight % of my net worth into, etc. It has to be done with pure risk capital.