I have had some amazing success using "outside days". First, let me add that this method does not trade often, but we did get a new signal on 6/6 and we bought PIXAR (PIXR) at 60.05 with a target of 65.05. We also bought the PIXR July 60 calls, looking for a 50% move. The drawback to this method is in taking profits. The goal on each trade is 5 points on the stock and 50% on the option. But sometimes, too much is left on the table. On 5/12, we bought BOSTON SCIENTIFIC (BSX) at 46.55 and the July 45 calls at $6. On 5/29, the stock hit the target of 51.55 and the calls hit their target of 9. I'm ashamed to say, BSX is now 61.75! I don't think that a trailing stop would be effective here, because usually the move stops near the 5 point target. Perhaps keeping a small part of the position open and using a real tight stop might work! Alan Friedman