One last comment. You have to be very aggressive with Collars...

One last comment. You have to be very aggressive with Collars and Straddles. You have to have an attitude of 'I will lose all my investment or I will make 3 X + on my investment.' Being conservative usually means a painful death as fees eat away at you. With research and understand you will still lose more than 50 % of time but the gains will cover this. Research is critical. I sticked with Collars on highly volatile stocks. Lynas is a perfect opportunity. Unfortunately, as a US citizen I cannot trade puts and calls on Lynas. There are ways but I will not use them because they are illegal.