[diaz]

Has anyone used options with this method? Just curious
I've read that vs stocks there is a much greater return with very similar risks..

I'd be interested to know this as well, including some examples of the actual costs of making options trades.

I can share an example from a US account. In February of 2016 I purchased 12 June 17th $6 calls of NG at a price of 0.21 cents per call. The cost to me was $271.30 (including $18.99 commission fee plus 0.31 regulatory fee). I sold the calls in April at 0.62 cents. The returned amount to me was $724.70 (including the same $18.99 commission fee plus 0.31 cent regulatory fee).

I technically picked this stock from one of ISA's mentioned stocks so I suppose it followed the method as a Weinstein pick. It was quite painful to watch the option because I knew that it would expire worthless in June if it didn't meet the strike price. But at the time I purchased (February) it did seem that gold could be starting a stage 2. I sold in April because it was too dramatic to watch the price of the call fluctuate and the fact that I could loose all the money, even though I know my initial investment was't very much. Selling in April was a good idea since in May gold took a pretty good dive and the price of the call leveled off to/below my original purchase price.

Note that I did also take a shot at a put option, but that failed miserably and I did loose all the money as the option expired worthless. The fees were the same as noted above.