OT: That does happen all the time Cuttingcorners, and as you experienced, not safe either. Problem is, some folks can't watch the market on a minute/hourly basis so they feel theres no alternative. As for Starboy's query, all they have to do is put in a sell limit order to protect themselves if actual stop losses aren't allowed by their brokerage firm. In pennyland, even 20% is in their strike range.