The answer to your question is that it seems to me that you do not have knowledge in options trading, the best way is to start learning how to trade options. By suggestion is for you to go and buy a book like Options for dummies book (not impling that you are dumb just the name of the book, I have one as well) Or you can go to an options website like: http://financialsaint.com/cms/cms/viewer/page/324/p_id/304
Greeks are very important: Delta Gamma Vega(kappa) Theta Rho Vega is not Greek his a different nationality
I cant believe I read the whole thread - its like watching and enjoying a car crash - I think Ive lost some brain cells too