Part 7/10:
Lee Lel prefers margin accounts for their capital efficiency, enabling traders to leverage their funds while maintaining acceptable risk levels.
Evaluating Stock Options and Strategies
While many stocks are suitable candidates, Lee emphasizes the importance of selecting stocks on strong uptrends or at significant support levels. For instance, Bristol-Myers had support around $35, which could be a strategic strike point, offering a good balance between premium received and the risk of downside.