I"m considering setting up a managed account in my name and having someone trade options for me in a limited POA position. My acct is in a low cost brokerage house. I read something on a forex forum thread here, where someone had lost most of their money in a mangaed acct. Someone responded saying, "Good chance that he traded against a second "client" taking the opposite trades. Loses you as a client and keeps the happy client whom his more than happy with the 25% commission. Happy client stays in until he loses. He probally divides his clients into BUY and SELL and the trades are entered at the same time." Is this something someone could do w/ options trading: covered calls and buying puts? I'm trying to find out if there is anyway I can be scammed that I'm not aware of. Thanks in advance for anyone's help w/ this.