Stock Replacement Strategy - The Cycle

We’ve started with an introduction to the stock replacement strategy and we’ve gone over the plan. Here’s a recap of the plan:

1. Purchase deep in the money calls for a high momentum stock as its delta is close to 1, resulting in an almost 1:1 movement in call value to stock price
2. Short common stock against the long calls as a protective put and for income
3. Sell near or at the m.....

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