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I like covered calls -- and thought and thought I had a plan. Surprise - never expected the following:

MDB from $65 to $130. I have covered calls at 80….been rolling out and up for months and would like to some money off the table.

Worked thru the following potential alternatives — all results in debits taking a large portion of gain:

1. Close a partial number of short calls (ouch).
2. Covert to bull call (ouch).
3. Bear Call (less cash up front but potential debit on the backend).
4. Diagonal (ouch).
5. Butterfly (ouch).
6. Continue to roll out and up.

Current thinking is selling puts slightly above 80 for credit with potential small debit on the backend — never done this before — a viable strategy to cover short calls to some stock could be taken off the table with nice profits??
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