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I know this isn't what you want to hear but after 20 years in the business the best options strategy I've found is to avoid it. I did covered calls for years and drove myself nuts. I've found when the market dropped I'd still lose money and when the market went up I'd have been better off just buying...holding...then selling at a profit. I did pretty well when the market was flat but overall didn't beat the market. Good luck and I look forward to seeing what strategies people have to share.
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