Sean, I’ve read both of your options reports. I’ve been paper-trading options the past several months. I currently have level 2 options permission with my etrade account. To move to level 3 (for spreads) I have to have a margin account. I think you have recommended not to trade with a margin account. If I understand correctly, as long as my trades are within the value of my cash account, I wouldn’t use any of the margin account. Am I clear on that? And is that what you mean by not using margin, or do you mean you don’t recommend even having a margin account?