Not good, too long

回答: 三心, 7/18 150 Covered call at $6, not badBrightLine2025-05-21 09:11:01

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But if you want to use it to cover your put cost, maybe -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:29:40

that is 150+6? isn't that not bad? -BrightLine- 給 BrightLine 發送悄悄話 BrightLine 的博客首頁 (167 bytes) () 05/21/2025 postreply 09:31:40

The issue is that it provides only $6 downside protection -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:33:10

and limit your upside --- but if you are ok, then no issue -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:33:55

if you do decide on 150 cc, plan to use butterfly to extend -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:31:02

how about this? -BrightLine- 給 BrightLine 發送悄悄話 BrightLine 的博客首頁 (1504 bytes) () 05/21/2025 postreply 09:33:10

Butterfly should only be used to help your cc, not alone -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:34:40

Let's say you write cc for 150 at $6 ... -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (645 bytes) () 05/21/2025 postreply 09:38:38

that is why I am happy at 156 -BrightLine- 給 BrightLine 發送悄悄話 BrightLine 的博客首頁 (167 bytes) () 05/21/2025 postreply 09:40:21

as long as you'ok with only $6 downside protection :) -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 09:42:24

I can buy some puts as well... -BrightLine- 給 BrightLine 發送悄悄話 BrightLine 的博客首頁 (28 bytes) () 05/21/2025 postreply 09:55:36

remember,always buy put first, then decide on cc -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 10:06:03

I've shared the reason many times before -三心三意- 給 三心三意 發送悄悄話 三心三意 的博客首頁 (0 bytes) () 05/21/2025 postreply 10:06:29

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