Warning: This aggressive strategy is only for those who are comfortable with risk and want to Bro Down 😉
In a previous post, I discussed using Vertical Spreads to roll long in-the-money calls up to protect profits while not giving up the dream of higher prices. Any time I’m holding long calls that are way in-the-money, this is a viable option to help me take money off the table — freeing it up to be redeployed elsewhere — but still leaves me a chance to participate if the stock continues moving higher (in the off-chance I didn’t perfectly call the top /sarcasm).
I promised an aggressive cousin to this strategy and here it goes… [Read more…]