In this episode, Russ discusses several scenarios for waiting to add the protection leg to your trading strategy. In other words, when you have strong directional conviction in how an underlying stock or ETF will move, Russ shows how you can wait (delay) legging into the trading strategy. You can wait to add the second leg (or protection leg) to the trade.

This delay, when you are directionally correct, can increase your returns and improve your outcomes. Russ shows examples for three strategies:

• The Bull Call Debit Spread,
• The Collar trade and
• The Long Straddle.

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