When selling cash-secured puts, exit strategies are an integral part of our goal to achieve maximum success. The 3% guideline assists us in determining when to close the short call if share price declines significantly. A real-life example with NVDA is used and calculations shown using the BCI Trade Management Calculator.
Links mentioned in the video:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/
