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I see... at the risk of getting into trouble (?), I'll post the entire email (minus the boilerplate stuff at the bottom about risks, who to call for support.) (Sorry about highlighting I'm too lazy to remove it all while retaining the rest of the formatting.) I have to head out right now but I'll comment more later. I've observed that they do seem to be pretty good about making adjustments and taking profits (sometimes by closing 1/2 the position) and reducing amount of risk left. But hey, I'm just an options amateur. I picked this example because it was one I quickly dug up that had a % probability listed.