I think Qucik Trade (QT) is an effective methodlogy for options buying. http://www.elitetrader.com/vb/showthread.php?s=&postid=3397279#post3397279 Based on his research, Schaeffer's book "The Options Advisor" has a whole chapter explaining the approach of QT methodology. In chapter 7, he says "My investment philosophy dictates that the individual options trader needs to have an edge when buying options, and that edge usually occurs with position trades as you seek to ride (accelerated) trends over a period of days or weeks. ... I have developed a short-term approach by which you can hold a position for a maximum 7-trading-day period and expect a major edge in your options trading. I call it the Quick Trade (QT) methodology, ..." Since not much information has been found/disclosed publicly on the Internet (according to my experience, that would be likely and potentially an indicator of hiding an effective trading secret ), I now would like to collect my findings about QT in this thread. Welcome to share your expereicne/examples about QT.