You're welcome. Thanks for continuing to watch these webcasts. ^Barb

You're welcome. ^Barb

Good question. Ideally, to achieve a max gain, we want to strike to be BELOW both strikes for a LPV and stay there. This means that the risk of assignment is perhaps higher. However, if assigned, the trader might just choose to exercise the long put and sell the shares. That would achieve max gain. Not a bad thing I would say. ^Barb