Let’s say I bought 1,000 shares of a XYZ at $100.
The stock went up to $150.
I’m now happy with my profit and I’m open to sell the stocks.
However, I’m thinking the stock could keep going up and I don’t want to miss the opportunity.
What would be the option strategy to guarantee that I’ll sell the stock if it goes down to $145?
I want to do this as an option and not as a stop order because I can make a premium every time the stock doesn’t get to $145 while keeping my shares.
Thanks,