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You have purchased some stock and would like to make some passive income while creating a built-in profitable future sale price for your position (i.e.,

You have purchased some stock and would like to make some passive income while creating a built-in profitable future sale price for your position (i.e., sell discipline). You should:

  • write an in the money put

  • buy an out of the money call

  • write an out of the money call

  • write an out of the money put

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