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Stock Repair Strategy
Description
Repairs a losing stock position without committing more cash: against every 100 shares held, one call is bought near the money and two are sold at a higher strike, usually sized so the premiums roughly cancel.
The effect is to lower the price at which the holding breaks even, at the cost of capping gains above the higher strike. Streaming bid and ask keep the option legs marked while you size the trade, and the payoff grid compares the repaired position against simply continuing to hold the shares.
Template Screenshots
Market data in your Excel sheets
1 billion usable data points on stocks, options, ETFs, and fundamentals, with simple Excel formulas.
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