LEAPS STRATEGY

Stock Replacement 

LEAPS free up capital for increased portfolio flexibility. The elevated cash position can then be used to lower risk by: 
  1. 1. Writing OTM calls 
  2. 2. Buy Put protection 
  3. 3. Initiate Put Spreads  
  4. 4. Provide "Dry Powder" to exploit occasional market panics 
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