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Strategies & Market Trends : Calls and Puts for Income

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From: CommanderCricket6/18/2012 10:09:31 AM
   of 5891
 
I have 1/4 of the IOC common hedged with Jul 65 calls. Instead of covering the position I've written Jul 65 puts to straddle them.

Should work...I like it so far...

I will not close the call position and if the shares continue higher, I will roll the puts to maintain the straddle

CC
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