sivleyd

Is the Bear Hibernating Already? Doubtful

Members won't actually "grab 92% of the gain". Instead they will need the ETF to gain 8% in 3 months just to break even on the deal. And if it goes down, they have the put to protect their loss - and give them an assured 8% loss. With each put being 3 months, the annual cost of protection for the ETF investment is well over 24%. That doesn't sound good to me.