Hi Doc, I have been following some of the trades you guys talk about. I would first have to probably expand my "options"- pardon the pun in the IRA to Advanced/Level 2 to try that.
However, in such a trade as you describe below, a straight stock buy order without the options would need a .03% [($8,250,000-$8,225,000)/$8,250,000] stop loss to protect the equivalent loss on the downside which would be a share price of $80. (.03*$8,250,000=$247,500)
So I do not see the benefit of such a move other than it limits my upside and I am better off with straight stock since my stock has no expiration date (with the stop loss at $80). Since it's stock I will go thru the exercise I explained and buy or sell based on the underpinning of the company and market dynamics.
I follow KMR since it is an LLC and doe snot have that funky tax treatment. I see it with a forward looking 30 P/E, 3.2PEG and if Obama wins, large downside