Yeah. Its an incredible amount of luck. 30-40 naked calls/puts at a time. I'd never do this myself, but time and time again I am still awed at how its worked ou

Yeah. Its an incredible amount of luck. 30-40 naked calls/puts at a time. I'd never do this myself, but time and time again I am still awed at how its worked out over the years. Here's an example: 10 naked puts of Netflix at 95 strike that expires at the end of the week will yield 1k, with a margin req of 10k. Same with calls, thats potentially 2k earnings / week with 20k margin req (very optimal case). If Netflix goes down, she'll short more calls or puts (I forget) that expires at the end of the week. If stock goes in the money, she closes it and opens a new position for the week after so she never exercises the options unless they are too deep in the money. Its all very messy and very crazy, just wanted to share a story of how day trading worked out for my mum.