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Jill, and others, any ideas on strategies for protecting gains in the near term, for someone with a long time horizon on Q. Clearly, just walking away from the computer and waiting out the corrections is the best strategy, but since not many of us are that stoic, how about active strategies. Selling calls is good, but limits your upside, and if you get called, the tax man comes in, right? Buying puts seems like a good thing to do, but what is the best strike price and month? I am thinking of selling my common and using the proceeds to buy leap calls and April puts, any ideas? |
