Stock price high? If you want to free up some cash, switch from stock to calls, or from low-strike calls to higher-strike calls.
There must be some subtlety involved here because this is exactly the opposite of how I do it.
You’re saying to employ leverage (or more leverage) when the stock price is high?
Certainly if you want to raise cash for groceries without reducing the number of shares you control, then more leverage is the cost of doing that. But I know you have advocated many times for employing leverage when the stock is cheap.
What am I missing?