I don’t know enough about Long Term Capital Management’s losses but I can infer that their options were uncovered. I can’t see how you can incur those losses through covered calls or cash secured puts unless the underlying stock collapses.

I’d never touch uncovered calls and puts and agree 8–10% return is less risky.

I will post an update to the article.

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Entrepreneur, Author, Blogger, Digital Marketing Expert, Speaker, Breakthrough Success Podcast Host, Runner, Dog Lover, Red Sox fan marcguberti.com

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