What strategy am I?

See how you stack up by taking this simple quiz.

Use the following clues to guess the strategy:

  1. I’m Bullish!
  2. Even though I think the stock is going up, I don’t buy a single share of stock.
  3. I have unlimited upside, like long stock, but my downside risk is limited to my upfront cost.
  4. My break-even point is the strike price plus my premium.
  5. Investors “replace” a long stock position with me, taking advantage of leverage when they are bullish but worried about downside risks.