michael coe. michael coe. >>> on "options action" we're not just about puts and calms but action.resenting you with a once in a lifetime offer. take a look. ♪ you're the meaning in my life ♪ >> imagine -- having all of mike khouw's greatest strategies in one collection. >> the nice thing is if you use options sometimes you can get a little leverage and that's what we're doing here. when the market is up and premiums come in, a great time to bip puts to head your portfolio. >> timeless wisdom by the man some call "the yoda of options". >> this put spread has fairly nice numbers to it. buying it for a little over a quarter between the distance of the strikes. >> a once in a lifetime collection, "options action" presents, khouw's classics. 16 mind-bogglingly complex strategies that will have you risking less and making more. such hits as "the covered call." >> to do a covered call. that is, if you own the stocks, look to sell a call against it. >> and even the 1x2 put spread. >> buy one of the 60s, sell two of the 50s and targeting that 50s strike. this is threading the needle trade.