heheh I hope you double check your math there regarding an options contract and the underlying shares they represent
My bad. It is $10,000. I forgot you were dealing in stock and not futures. Still a recipe for disaster.
bad idea in this market where black swans are like pigeons in central park... look what happened to lehman (and others). bad risk/return, make a few pennies elevn times a year, lose several dollars on one trade.