i think you are suffering from illusions of grandeur. you are obviously no warren buffett who has honed this technique to a T.
+1. A bit off target of what I think is the OP's outlook, but a great way to play a conservative, long-term equity position with a bit of "trading" mixed in. The OTM synthetic will almost always outperform the simple overwrite if you can make your outlook path-independent. And even if that's a challenge, then some simple additional trades can mitigate your risk.
i think some of you have issues. where did I say I am a warren buffet? am I preaching a skill here? I was asking a question about getting out of a mess. The opposite of having 'illusions of grandeur'. To that point, I think you are a bit delusional and confrontational no?
you don't realize you are among some of the best traders the world has ever seen. they have little patience for anything less than perfection. this is why they have removed all mirrors from their dwellings, so as not to gaze at something tainted.