Buy 'Em Out- Introduction
Buy 'Em Out Introduction What I've hopefully established by now is that selling LEAP puts can be controlled for risk, thus reducing financial exposure to levels well within acceptable limits. So far, the only thing we've done with the premiums generated has been to invest them in money market funds and watch them grow at 6 percent a year. But as the title of this book suggests, I have in mind a better use of the premiums received, which is to use them to acquire additional shares of stock in my favorite companies. Your list of favorite companies is certainly not going to coincide with my list; in fact, it is safe to say that no two people reading this book will have the same set of pet stocks. In view of this, what I propose to do is to take the premiums generated and use them to cover the costs of any high-quality stocks from among the list of companies that were assigned because the LEAP puts wound up in the money by the expiration date. Pr