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pleeb01

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pleeb01

Re: kamakiri post# 921

Tuesday, 12/13/2016 2:38:09 PM

Tuesday, December 13, 2016 2:38:09 PM

Post# of 5880
So the idea is to sell calls above your cost basis so that if you have to let them go then you still profit. Got it now I think. Then buy puts costing less than the covered calls so that the premium pays for the puts. That way as soon as you get a direction then you can close the contract?
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