How wise would it be to buy 100 shares of FAZ and write a SELL TO OPEN option say like Oct 10 18.00 call for around 3.50? What would be the downside risk? Could I buy a April 10 16.00 PUT at .89 for insurance? THANKS.
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How wise would it be to buy 100 shares of FAZ and write a SELL TO OPEN option say like Oct 10 18.00 call for around 3.50? What would be the downside risk? Could I buy a April 10 16.00 PUT at .89 for insurance? THANKS.
