Thank you all for taking the time to write. This has been bugging me for a long time. You gave me a different perspective, especially the part about different business models use by MM and I. For years I traded stocks on margins. Starting in 2013 instead of margins I used options. Like @El OchoCinco said, if it worked with margins, it should work with options. However, I really like to trade options differently because leverage is a two edge sward, it can kill if I am not careful. I am working my tail off trying to get a better understanding. Happy holiday to all.
Does anyone have the included CD-ROM for Haug's 'Complete Guide to Option Pricing Formulas'? While I have the book on a table my son managed to drag the CD across the floor...