Spenco-rama

Description:

long underlying positions. at least 1/2 are protected by covers. I sequentially swing trade the covers depending on stock or market conditions- e.g. buy back in dips , roll over to higher-longer strikes on expirations, and/or sell on peaks and anticipation of short term flatline periods. Also do bull option spreads. Usually sell ST covers against LT opts or leaps. Try to keep the portfolio diversified into 5-7 sectors, no more than 3 stocks or 18% in any slice.

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