If you’re sitting on shares with healthy profits and you want to protect your gains from a potential downturn, but you also want to maintain upside exposure should the market enter a new leg higher, how can you achieve this? Today’s article outlines one approach: employ a stock replacement strategy “in which one swaps owning shares of the underlying for being long call options.” For more on implementing a stock replacement strategy – including its two main advantages and some rules of thumb – CLICK HERE.