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SE, Indiana | i think that is a good plan, especially if you are still selling at a profitable level. this strategy allows you to take the money, then sit back in your chair and watch the market move.
The hardest part to this strategy though is executing when the call is in the money. Time after time i have seen farmers miss out on calls that had value because "it was going higher" That is what gives the minimum price strategy a bad name. So make sure to stay disciplined and sell the call option back when it is in the money.
I would look at the may 370 or july 370/380. looks like right now the may 370 is trading at 12c
you have to give yourself some time to catch a market rally. if there ever is one.... | |
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Minimum price contract
