WJ77
03-05
@VivianLau

1. Set a target value to buy a stock

2. Sell PUT at the value

2a. If PUT not exercised, continue to sell the PUT and keep premiums

2b. If PUT exercised, sell a covered CALL to sell stock at another target value.

2b(i) If CALL exercised, sell PUT at target value as per s/n2

2b(ii) If CALL not exercised, continue selling CALL next week

Volatility means the value will generally move between the 2 target values

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