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January 7th, 2008 at 8:52 am
Sage
Anonymous was me.
I like the idea of buying LEAPS and selling against. I have started doing that with calls, not yet with puts.
I think once I am comfortable with this strategy I will stay with it. Roller coasters are not for me. I know that both you and Phil have talked at length about this strategy. Somehow, I am scared of selling puts. However, I see that it can be both protective and profitable. I do not want to own stocks if I can help it though!!