Jester,

Yes, I've learned about that frustrating no-win situations with stocks with a low (e.g., under $10 or so) price - the numbers just don't make sense in terms of risk/reward, and the final factors that crushes it even further, as you know, is the .75 per contract or whatever your broker charges for that on top of the commission. Your trading it instead - the cycle between the $5.70's and low $6's seems to have worked well, so far.I know that for stocks like Apple, where share price is measured in hundreds of $, one can buy contracts on 10 shares, rather than 100 shares-per-contract. You'd think it would make sense to have some opposite provision for stocks whose shares are low, as in NOK.