AVGO Hedging a Long Term LEAP position and bringing in $12k in potential Theta Decay

Video description: 🔥Hedging large positions is a great thing to know and understand🔥 Hello Traders, Steve Ganz here! Today, I'm diving deep into a crucial mistake to avoid in options trading. 🚨 When facing a potential reversal or pullback in long-term positions, selling out might seem tempting, but it can lead to hefty tax implications. Instead, let's explore a smarter approach with options spreads that can help manage risk effectively. 💼 In this video, I'll walk you through a real-life example with AVGO, where I transformed a $9,800 investment into over $100,000 profit! 📈 Discover how to use call spreads to hedge against potential pullbacks without sacrificing your gains. This method allows you to take advantage of Theta Decay and flatten your Deltas, ensuring you're not losing dollar-for-dollar in a market downturn. If you find this useful, please LIKE, SUBSCRIBE, and SHARE your thoughts in the comments below. 🔥 #steveganz #SJGtrades #options #optionstrading #SPX #incometrading #butterflytrade #ironcondor #tradingstrategy #technicalanalysis #marketanalysis #riskmanagement #tradingpsychology #volatilitytrading #optionseducation #OptionsReversal #StockTips #HedgingStrategies #TaxImplications #CallSpreads CHAPTERS: 00:00 - Intro 00:38 - Hedge Long-Term Investment Strategies 06:24 - Conclusion and Key Takeaways