xjo weekend zoomba, page-50

BD..

some reading...

options...

'COLLAR'

Way to write a call option at a higher price than current price and use the proceeds to buy a put at a lower price than purchase.

I think I may have mentioned it to you before.

this is a good strategy to use in conjunction with a buy and hold in a high volatility environment to trade in 'some' of the potential upside and insure a substantial percentage of your potential downside.

works well for large bluechip portfolios...

doc