The strategy in itself is simple, but the implementation is a little tricky. The extra short call is actually the equivalent of a covered call against the underlying stock position. So you literally have no risk of the stock going higher, but you've cut off the upside and that is what comes with it.
MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal co-founder Louis-Vincent Gave to the show. Louis has a different take on the impact of U.S. seizure of foreign-owned assets, and he also shares his outlook for bonds, the dollar, stocks, and precious metals. https://bit.ly/3G5dOmI
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