Your 100% right. However had I initiated the thread on Nov 30th when my system gave me a definite'buy signal' at 1080 on the s&p I would of been up 100%. The calls are worth 17 cents today, and I'm likely going to blow up my account What can be learned from this is that you have to trade on the day you get the buy signal not 1-3 days later where the markets already up 3% from your initial position! I'll be back,