Not good, too long
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But if you want to use it to cover your put cost, maybe
-三心三意-
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05/21/2025 postreply
09:29:40
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that is 150+6? isn't that not bad?
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05/21/2025 postreply
09:31:40
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The issue is that it provides only $6 downside protection
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05/21/2025 postreply
09:33:10
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and limit your upside --- but if you are ok, then no issue
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05/21/2025 postreply
09:33:55
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if you do decide on 150 cc, plan to use butterfly to extend
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05/21/2025 postreply
09:31:02
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how about this?
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05/21/2025 postreply
09:33:10
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Butterfly should only be used to help your cc, not alone
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05/21/2025 postreply
09:34:40
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Let's say you write cc for 150 at $6 ...
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05/21/2025 postreply
09:38:38
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that is why I am happy at 156
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05/21/2025 postreply
09:40:21
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as long as you'ok with only $6 downside protection :)
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05/21/2025 postreply
09:42:24
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I can buy some puts as well...
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05/21/2025 postreply
09:55:36
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remember,always buy put first, then decide on cc
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05/21/2025 postreply
10:06:03
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I've shared the reason many times before
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05/21/2025 postreply
10:06:29