The LTP strategy is the core of Phil’s approach. Though the minute-to-minute action through comments might lead you to think otherwise, the central elements of the LTP strategy are fundamental to any understanding of Phil’s approach:
- selecting comparatively underpriced long calls
- carefully selling short calls against those long calls
- managing the position by retiring or rolling to maintain or enhance your advantage
If you’ve signed up with PSW to learn to consistently produce the kinds of returns Phil advertises, in markets that go up, down, or sideways, this is the strategy you’re here to learn.
The strategy is presented in three parts. This is part 3, Advanced Topics:
- Central concepts
- The Premium Business
- Advanced Study
This section focuses mainly on an interpretation of the LTP strategy to provide a safe 15%-ish return for investors who need to park a large amount of money. It is important to note that this technique is not an appropriate place to start learning the LTP, despite the "safe return" moniker. If you belong to PSW and follow the daily comments, you are likely to find the slow, steady progress of this strategy to be boring as hell.
