Long Calls vs. Married Puts

What is the advantage of buying stock with an in the money married put over just buying the call of the same strike price to start the trade?

The most powerful benefit is that this arrangement doesn’t allow you to become overextended. It FORCES a position size that doesn’t hurt too badly if it goes against, whereas someone wishing to invest in the same issue with the same sentiment might be tempted to over-trade their available capital.

Also, there are adjustments that can be done with the put that cannot be done at a profit with a long call.

Finally, there is the fact that many accounts cannot be traded with pure options plays, or that people may own stock as a part of their compensation plan at work, and these strategies directly benefit those situations.

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