A Slingshot Options Strategy for Income and Gains

by Options Sensei

Long protective put, protection from downside disaster

In looking for ways to maintain a bullish stance and generate income while protecting from a downside disaster, the standard collar (long stock, long protective put and short a higher strike call to pay for the put) is the standard approach.  And while there is no reason to re-invent the wheel, there is a small twist we can apply to address the one obvious drawback of having profits capped to the upside.

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