Couch Potato portfolio is when you put 50% of your money in a Bond ETF and 50% in a SP500 ETF and let it ride. I would expect to increase my returns with deep ITM call options. I would be trying this with the SPY and TLT, with the SPY I could buy out to Aug. 2013 and with TLT I can even buy out to 2014. I am not sure if I should even buy that far out or just month to month. I wish there was way for me to backtest it but I don't have TOS I use Tradestation.