I am starting a new acct JST TO LEARN options. I have been using my demo options account for couple of yrs. I have basic understanding of options (not great with technical terms). I am thinking of putting 3k in my acct jst to play around with it. I want to know what are good strat to start with other than jst buying puts and calls. I made a post regarding selling cash secured puts, but it was quicky shot down by most (rightly so i suppose). which are good strat? this is what I recently did in my demo acct. 1) aapl may 13 450 call bought @15.75 & sold may 13 400 put @ 11.3 with net of abt 450 bucks cost with 10 bucks comm. I bought this 2 weeks back when stock was at 430ish. I am actually showing PL of 1040 in call and 665 for put so doing very good in this one. 2) nok apr 13 3 put sold @ .08 when it was at 3.5. from what i understand, PL shows lost of 10 bucks but as long stock stays above 3 i ll be fine. 3) few days back, appl bought BOTH jun 13 400 put @ 8.8 and jun 13 500 call @ 9.85. PL put= down 172 call= up 92 4) sold ITM put options of VOD while it was at 28 for SP of 29 apr 13 for 1.15 - thinking behind this is, if the stock goes up even 28.5 or so, I can jst get out of posi with some potential gain. I would really appreciate it, if all gurus can help me out understanding the pit falls and also the benefits of these diff starts. I am also looking for you help in finding out better strat to play around with. keep in mind I am only starting with 3k no more no less. thnx.