I've been developing what I hope is a high-probability entry/exit system, and I think I have it ... (been crunching data for months and months...) Its nothing revolutionary and quite simple, it's based on trend strength, and trading ranges. (May be as high a 75% potential win rate .... still researching) I'm now looking at option strategies, and the simplest one seems to makes the most sense and is the most profitable. Long puts/long calls. Why use bull/bear call spreads if you risk $200, to makes $200 and risk $200? Such as is the exmple at the link. http://www.brokersxpress.com/educate/strategies/bullcallspread.aspx?sessionid= Why not just bet the $200 and put a stop at $100. Sorry about the simplistic nature of the question, I am after-all a neophyte, ... and proud of it.