It’s self serving announcement time here at JayOnTheMarkets.com. Please see my option trading related article in the October 2014 of Technical Analysis of Stocks & Commodities (www.Traders.com).
The article is titled “Introducing the Open Collar” which details a slight twist on the “collar” strategy, which is mostly used by traders to limit the risk on a stock position for a period of time – while also limiting the upside potential. The “Open Collar” is an attempt to alter things enough to limit risk on the downside while also retaining unlimited potential on the upside. If you have ever considered using options to hedge a stock position or portfolio you might find this to be a useful idea (NOTE: in the interest of full disclosure, yes, my opinion is slightly biased in this case).