Nepboy, options is highly volatile and it is time-sensitive. You buy and sell 'premium'. Got out of my PEIX calls. Huge loss. But that's the life of a trader.

"I have been thinking about to learn option trading as well , I will probably start with small position once I do some study and DD." - I'd recommend you pick up a book from your nearest library. This was my major mistake..I started without reading the book. Now I just finished 20% of the book and have understood the overall rules of the game. The other stocks, I alerted but not really alerted..I posted pwe/wprt...after the price already moved up. So, won't call that an alert.

The price you pay to buy premium of options..decays as the expiration date reaches closer..so, you'll normally pay very cheap premium - I call it- 'guess' price..when the expiration date is close..every options expire on Friday. So, it is a weekly thing. And not all stocks have options available. Read the book first (whatever book it may be)..you may even find a book online. Good luck.

Now, I'm working on to recover..Its like in a football game..players get injured and are sidelined for sometime..I'm in the same situation..lol