Just to explain to people what rolling out means:

Rolling out means, closing my current contracts at a loss and reopening an equivalent contract for the next month to pay for the loss:

Initial Trade:
Sell 20 OXR X=$3.00 MAR Contract @ 9.5c       +$1,900
Buy 20 OXR X=$2.75 MAR Contract @ 2.5c       -$500
                                                                 +$1,400 (Net Credit)

Roll Out:
Buy 20 OXR X=$3.00 MAR Contract @ 13.5c      -$2,700
Sell 20 OXR X=$2.75MARContract @ 0c            +$0
Sell 20 OXR X=$3.00 APR Contract @ 22.5c       +$4,500
Buy 20 OXR X=$2.75 APR Contract @ 8c            -$1,600
                                                                +$200 (Net Credit)

After rolling out my position, I will end up with:
Sold 20 OXR X=$3.00 APR Contract
Bought 20 OXR X=$2.75 APR Contract
(At the end of April, if OXR stays above $3.00, I will profit $1,600.
Bare in mind this is over 2 month period, usually we expect to get
this return over 1 month)

Brokerage has not been taken into consideration, Assuming everything goes well for April. There will be $579.5 worth of brokerage on the $1,600 income.

What I have effectively done is delayed my profit for the next month because I was unable to take any profit this month. This is one of the 'coolest' strategy I have ever seen in my life, I never knew you could make money from this until about 6 months ago.

As for the rest of my positions, I am expecting all of them to expire worthless. This means I will have generated $3,000 worth of FREE money by risking $15,000 (borrowed money) in approximately 30 days (after brokerage). The best thing is, I didn't even try very hard. Must have spent approximately 1hr maximum during the month finding those trades and researching. I spend more time writing in this blog then I do finding and monitoring my trades!!!

I will keep you guys up to date tomorrow, when the March contracts expire!