In this episode, Russ explains what to do on a covered call trade when you are wrong and trying to protect your shares and the stock takes off. He uses what happened to Tesla since the US Election results as an example (the stock has gone up 85% since the election and we had written a $15 up covered call expiring in December 2024).

Russ discussed how you can roll out and up profitably when a stock gets away from you.

He discusses also how the adjustment works on selling a cash backed put option as well with Coinbase as an example.

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Season #6 begins.

In the episode, Russ explains whether thins rally has legs and can continue as well as the top 5 themes for stocks (& their options) for 2025. The investment landscape we are in is covered.

Then the 5 themes covered include:

1.) AI – and the 4 sub areas of this trend

2.) Cryptocurrency – boom

3. EV’s (& Robotics

4.) ) Healthcare Innovation and the aging population &

5.) Infrastructure refresh – Roads, Bridges, Airports, etc.

Russ discusses what he is doing now.

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In the episode, Russ explains what to do now with a Presidential election about 26 days away. Market indexes are also at or near all-time highs. What do we do?

Russ covers 5 topics on this episode (or five courses of action) including:

1.) Writing covered calls – at higher (sometimes stretched) prices - OTM (out of money) by 3%-5%.

2.) Selling (or writing) cash backed put options (at a strike price that is 95% of today’s stock price).

3.) Tighten up Stop Loss Orders to 4%-5% down from today’s stock prices.

4.) Ride out the volatility in diversified long-term ETF’s &

5.) Go short (by buying long puts) to bet down - the riskiest strategy… but it is a choice. What Russ discusses what he is doing now.

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