Thanks for the advice. I pretty much figured it out and see just where I should have been much more in the money with this option. I have been trading mostly in the money calls and puts and have done fairly well in the six months I have been trading.

The money is not critical to me as I am comfortably retired and took eight k out of my savings which as you know pays squat. I only use money I can afford to loose. Living in Las Vegas gave me that lesson many years ago. I did real well betting SLV in May and so far I am still up 80 in the time I'm trading.