So I just recently got into Options Trading... I did my homework, read up on all the fundamentals on how they work and what not, then I found Virtual Trading. At Optionsxpress.com I opened up my account with them just to use their Virtual Trading Application (Quotes Delayed 15mins.) Now for the past week I have traded with the Simulator from Market Opening to Market Closing, watching gains/losses fluctuate endlessly! Every morning I reset my account value (fake, virtual funds) to 5K, and try to achieve a higher gain by the end of the day. For the first week I took heavy losses and slowly started to learn the quick calculations on where I want to be (i.e. For a gain of 500$ i need to cash out at XX option price...) So now on my second week, I have closed out my account at market closing with large gains. And I wonder to myself, is this really possible? For example, today at 9:32 AM I start to make my trades, RIMM Puts, AAPL Calls... etc etc. By around 11AM i've lost 1300$ and i'm down to 3700$. I sell everything off at Market Value, then buy a RIMM NOV 105 Put, an hour and a half later my account goes from 3700$ to 9000$ finally reaching its peak at 13000$ somewhere around 3:45PM. I understand how volatile and risky Options can be, but is it seriously possible to take a 5k investment, risk it all on a Put or Call, and sell out making about 138% return in one day of trading? If so, i'm seriously considering Options Daytrading with something small at first, such as 4-6k a week, stick to a schedule of making at least 2k a week, then laying low until next week without getting too greedy.