I was under the impression you sold naked options. Has your strategy changed in the last half hour? Perhaps if you actually read any of the material on this thread rather than the first words and saying, "Oh, another naked seller, I'll show him how he's wrong." Let see, you've called me a fool, illogical, inconsistent, misinformed, presumptuous, and have repeatedly shredded a trading strategy you ascribed to me despite knowing absolutely zero about my trading strategy. Now who's presumptuous? All of this in response to someone who said the "risk/reward" of winning $20 to losing $1000 was a bad bet. My only argument was that you have *no idea* if it's a bad bet if you don't know the odds. Presumably we can all agree on that.