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@InPedroItrust@InfinityTradesX Not an expert by any means, but you could also sell ATM/ITM puts and lower your cost basis. The risk is the underlying continues to run and you missed out. Another option is to roll your covered call up and out.
@InfinityTradesX PPP working fantastically. I have a list of blue chips I wanted to hold long term and this week, I managed to get LEAPs for $QCOM and $SNAP (Thanks to you!!).
Needs to work more on profits trimming and repositioning my chips.
@InfinityTradesX Don't know if it's a mistake yet, but I sold my LEAPs in MSFT, INTC, TSM on Wednesday to secure profits. Now, I am thinking if I acted prematurely as the point of LEAPs is to weather these short term turbulence. Any thoughts? Thanks!