LOLOLOL...Lee ?? it's going to take me 7 days to re-read and re-read your post, which, by the way - I THANK YOU FOR IT!!! ...and 4 years for moi to get about "SELLING the PREMIUM INSTEAD OF b.u.y.i.n.g. it" "Buy to Open" "Buy to Close" "Sell to Open" "Sell to Close" when i BUY either Calls/Puts -- i click on: "Buy to Open" and then when i SELL either my Calls/Puts...i then "Sell to Close" sooooooooooo what you are advocating to SELL the PREMIUMS...then i do the following?? .."Sell to Open" and then when i want to get rid of it: ..."Buy to Close" ??? is this correct ?? tia... instead of wasting your posts -- you can email me @ buddie29@hotmail.com -- if you wish to. ps...i've printed your post so that i can re-read it as many times as possible. THANKS!!! :)