OK...I've begun moving into options trading from equities and have a question about using stop loss orders on options. (I use them every trade w/equities). How are you managing stops on options? Seems like options (at least the 1-2 month til expiration type) can swing 10-40% in a day; how the heck would I place a meaningful stop in that situation? I think I'd be stopped out of 80% of the trades i initiatied. What about identifying a stop loss point on the underlying itself, triggering the sale of the option if it's reached? I have let a few recent small losses on options turn into large losses and need to develop a better stop strategy right now. Thanks for any thoughts on this.