Sori Bobby, I watched the vid a few years ago. I thought that she said she uses bollinger bands and different strategies after she the flash crash for more protection. Althought I remember the bit where she was talking about theta, she said that she enters trades and the theta just eats away at the options. I got the opinion that she thought theta was the holy grail. I couldn't find that bit either. Thing is Bobby, all options traders know about this strategy, and it is a great strategy 95% of the time. You could trade this for 12 months and not lose a thing, probably be the most profitable trader here on this site. If you wanted to do it for 12 months then I would be happy to say its a good strategy, I don't like it been used any longer than that. Up to you.