I agree for now. Have been looking at option strategies for the losers in my portfolio. Especially important in an upmarket where everything else seems to be going up. How do you rate buying puts versus selling covered calls?
Buying puts in this particular case may be better, because you limit your risk to the invested capital. Also more leverage. For covered calls you get a rich premium, but you could be stuck in it till the options expire worthless, and the stock is lower than when you wrote the calls. Not good in a margin account. If you can buyback the calls for a good profit and the stock holds around where you wrote the calls, that would be good. In short, options trading is risky, but good trading and money management is the most important. Large cap high Beta tech stocks are better because you get good option premiums.