For those 'who can accept' the potential for a 19% return...
Sorry, did not see both your posts
Spanx and Flyer - points well taken. I realize this now. It was really quite easy really - I just bought calls on my favorite ags all summer every time they dipped using 100% calls. Yes, that's gambling now I see it. But I do believe that buying and selling stocks is wise vs holding them 50 years. I didn't make 640K by guessing which stocks would be great like a roulette wheel - I have been researching them diligently and they are good picks. VMW is an excellent stock too despite its high pe right now. THose like me who understand the technology and management realize it will do very well near term. Long term like Flyer says is anyone's guess.
and Spynx, good points about being thankful for what I have - my health (despite ulcers now), my wife, kids, job. I am still very lucky but it is hard to stomach this final loss on stocks that I was right about their value just not when. If I had invested in stocks only I would have made 400K safer. In truth all stocks are a gamble but I do get your point that I took it too far by using 100% options. So what I believe is responsible is trading stocks with principal and using options only with money I make off of doing covered calls, not the principal.
I must make this last gamble to get out of my fix but then never never never again. Thanks to both of you for responding, JRT