I've shared this before...Won't go into great detail. I'm 66 1/2...My wife really doesn't want to trade. If we can't trade (death, stroke, rest home), a bank's trust department will handle all our finances. DO YOU TRUST A BANK'S TRUST DEPARTMENT TO UNWIND ALL TRADES?? Are you sure? Method to my madness...
I would trust a banks trust department to unwind 1 out of the money option over doing two trades including one in the money option.