It depends on the trade, but anywhere between .5% and 5% of my total working capital. Usually between 1-1.5%, so about $1,000-$1,500. For positions I feel strongly about I'll go up to 5%, such as $JPM yesterday. I can send screenshots if you'd like.

First deposit.

Hmm, haven't paper traded in a looooong time.

Optionshouse. 100 commission free trades when you deposit $5k or more. That INCLUDES contracts, which is truly unbelievable.

Damn skippy! Ha, and believe me I take full advantage.

and out $AAPL 605 w calls @ 1.33 from 1.15

Not as good price action right now.

In $AAPL 605 w calls again @ 1.15

$RIMM starting to slip a little..

Out other 1/2 of $GDX w 42.50 calls @ .06 from .05 by the way. First batch sold @ .15 from .05

Well done!

Poor $RIMM, markets surging and its doing pretty much nothin..

Out $AAPL 605 w calls @ 1.80 from 1.20

Yep, Galleria area.

$AAPL coiling...ignition sequence start...t-minus 10 mins or so.

In $AAPL 605 w calls @ 1.20 for a quick scalp.

In $RIMM 7 July puts @ .15

Got 100

The only thing I worry about is a patent sale announcement. That will force some covering imo. Today's action is promising for puts though no doubt. I get tempted to just buy august/september puts on companies like $GMCR/$NOK/$RIMM/$GRPN and just leave it be until I double my money, but I never have the balls to do so.

I like it, if it breaks through that 7.15 area it goes bye-bye.

Out half $GDX 42.50 w calls @ .15 from .05

Holding other half.

$GDX w 42.50 calls .11 x .13

Nice one UPB, my entrance here was dead on because of you. Let's watch her run!

$GDX 42.50 w calls .09 x .11

In $GDX 42.50 w calls @ .05

$GDX w 42.50 calls .07 x .09

In $GDX 42.50 w calls @ .05 on anticipation of QE3 talk next week. Looking for a run into close.

Nice one bud! That's what I like to see, great entry.

$JPM running again..up almost 6% on the day.

Yeah, gotta hold onto them at that point unless its a large position and you really need to shorten losses. Oh well, next time bud!

$JPM breaking 36

$JPM going by the way, 35.97

Out half $JPM July 37 calls @ .21 from .17

Holding other half of those, just reducing exposure on a big position.

Out $JPM w 36 calls @ .18 from .17

Had really hoped this trade would have gone better, bought too early but as a small position its not a big deal.

Also the monthlies are doing quite well.

Presentation not going well, fears of generics entering markets.

$JPM new HOD

Out $SPY 135 w calls @ .30 from .28 for a quick scalp.

In $SPY w 135 calls @ .28

$CORN having some problems right now, fading hard.

$JPM intra-day double top, sold other half July 36 calls @ .45 from .34

Holding July 37s still and Weekly 36s which are all but dead at this point. Going to try to offload around .10 or .11 if possible.

Yes I had 36 w call lottos which didnt work out. Should have gotten rid of them Wednesday.

23,250 $SPY 134 w put contracts just SOLD @ .10

Out half JPM monthly 36 calls @ .45 from .34

Holding 37s and other half of 36s. Going to see what happens with weeklies though I luckily don't have many of them.