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Title: not new and not safe
Review: As a professional trader I am horrified when I hear "gurus" recommend cover call write as a way to protect one's portfolio. If I wrote a book on how you can make millions selling naked puts I'd be hung out to dry, however a covered call and naked put have IDENTICAL profit/loss graphs! Graph it out and you'll see. If you are willing to sell a naked put in a stock, then and only then, should you feel comfortable selling covered calls in one.
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