Profits on Protective Puts

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2 replies on “Profits on Protective Puts”

Hey Laura, I find it to be pretty situational. But I usually go somewhat OTM, so maybe a 37 – 45 delta. And I think of it as insurance, but will “cash in” on it by taking a profit on the puts, as opposed to letting it go to expiration and letting the put get exercised.

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