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It must be him because I haven't heard anyone talking about share renting except JM. I watched his 3 hours video last night, he take covered calls strategy so simple, but never explain the down side if the share heading south.Let take NAB as an example, whoever bought NAB at the begin of this month and write a covered calls against their shares would be crying at the moment.But if this person smart enough then they would buy a 12 months put options at the same time which cover them from this down side.The other option is to buy back your covered calls which will cost you very small amount of money but you can't sale your shares because the lost is quite huge comparing to the price at the beginning of this month.
It must be him because I haven't heard anyone talking about share renting except JM. I watched his 3 hours video last night, he take covered calls strategy so simple, but never explain the down side if the share heading south.
Let take NAB as an example, whoever bought NAB at the begin of this month and write a covered calls against their shares would be crying at the moment.
But if this person smart enough then they would buy a 12 months put options at the same time which cover them from this down side.
The other option is to buy back your covered calls which will cost you very small amount of money but you can't sale your shares because the lost is quite huge comparing to the price at the beginning of this month.
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