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Your explanations are totally confused. You need to brush up on the 6 basic positions of the Synthetic Triangle, all of which are variations of S + P = C

As tomorton said, you presented insufficient information. What's the time frame for the move? How much are you willing to risk? Do you want to nibble at a lower R/R or go for broke for the big move? Are you willing to own the stock? Do you have the wherewithal to own it? There are many...

HUH?

I don't sell covered puts as an opening position since the synthetic offers less slippage and commissions. However, I may leg into one if I am short the underlying and get to a point where I have some downside gain and would like to nab some fat premium. It's situational.

I don't cancel a lot of orders and if I do, my fills almost always exceed the cancel fees so that's a non issue for me. I'm a retail guy so I don't get any commission break point improvment - I pay standard rates (50 cts per 100 shares and 70 cts per option). My average cost per equity option...

I'm a Psycho Therapist (yes, that's two words :)

The OCC uses a "wheel" to randomly determine assignment and then notifies the brokers involved. You can Google for the "wheel" details. Each broker crafts their own process for selection of positions. You mentioned that your short calls expired exactly ATM. If your call traded ITM during the...

I spent some time on Seeking Alpha and an awful lot of the rocket scientists there were utterly convinced that there is no risk in covered calls and cash secured puts. In the case of the short put, either you get to keep the premium or you get to buy the stock at a price you were willing to...

With an ATM short put, at best you keep the premium but you do not participate to the upside (unless assigned and you become a buy & hoper). A good example of this was last fall's earnings announcement where AMZN blew the roof off of it, up ~130 pts for the day. Whatever the put seller...

"I would like the core position (including the call premiums) to enjoy long-term capital gains." I'm not sure about that. Last year, PBP distributed $2.33 for a distribution yield of 10.87 pct. and it was considered dividend income. I would assumes that's non qualified since they're writing...

iprome, If you want the BXMD as a core position in your portfolio then why not do it yourself? The commission at tastyworks or IBKR would be $6-$7 a month for a 10 lot trade and double that if you had to roll. With free assignment at IBKR it would be $6-$7 a month. You'd have the ability...

Because of the upside cap, B/W ETFs will under perform the S&P 500 in an up market. PBP is the only one of the 3 that you listed that has been around for awhile (10 years). It has underperformed the SPX in every category (1-3-5-10 years). Last year it gained 8+ pct less than the SPY. Over...

I think that you just need to lighten (one) up !

With cannabis options, do you buy low and sell when high ???

Don't feel bad. For the past hour, I have been getting educated in a PM convo on how a structured index product with a 10% cap and 10% of downside protection is synthetically equal to a bearish put spread paired with a covered call and how an arb may be possible. I should have caught the...

And I misspoke as well. The OP asked about buy 1 ATM and buy 1 OTM versus buy 2 ATM and in my last reply I used an ATM butterfly as an example (using 2 ATM versus 1 ITM and one OTM). My bad. Let's make this really simple. What does (A) buy 1 ATM and buy 1 OTM versus (B) buy 2 ATM...

A Google search will turn up a number of ETF sites. Two that I have used for their database info are ETF.com and ETFdb.com . You can also go to the issuer sites: State Street, Blackrock, Vanguard, SPDR, etc.

What does reading that have to do with being ready to trade?

So you've been to my web site, eh?

I tuned into Clapton in the 60's when he was in his 3rd or 4th band, The Yardbirds. Since then he has played in other great bands such as John Mayall, Cream, Blind Faith, Derek & The Dominos and others. It saddens me to read this.