my current position is: 50% of my portfolio value in LU May $4 Calls bought at .57 Because I'm up 15% since April I figure I can take this risk against my recent profit. My next buy, using the other 50% of my portfolio will be to gain more LU May $4 Calls. I will make this purchase when and if the SPX breaks the 1150 resistance. So basically if LU May $4 calls drop to .45 per contract I'll liquidate everything and break-even. Besides this situation I'm up 100% overall since I began trading in July 2003. Let me know what you think, but please post only non-sarcastic and friendly posts. I'll truly respect any intelligent advice. Thank you.