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What’s the point? Instead of spending money on stocks and puts against the same stocks (which costs money), why not just allocate less to stocks in the first place?

The reasons I could imagine is if the stock is illiquid (401k, lockup, etc)



I’ve sold some stock earlier this month but not everything. I don’t want to sell some that I’ve been holding for a long time for tax reasons.


OP might not want to lose his positions I guess.


Taxes on reallocating




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