Yea I try to look at things as if you have a carpenters tool belt. In that belt is everything you need to handle the current market environment. You have your stock, bonds, derivates, etc. The key is finding the most efficient way to accomplish whatever it is that you are setting out to do. With DD, my objective was really just a drama free, better than average-ish large cap return. Sans the covid things, 50%+ in under a year is hard to argue with. But from here, if the goal is 10-15% of drama free return, theres plenty else like BRK or mf REITs where I think I can achieve that with much less risk. If my objective is playing DD for a rerating, then you can go up the chain, reducing your outlay while still having the trade on, just less exposure. GM is a perfect example of this. I held the stock for years. Had a negligible return but ultimately it was a waste of time. But the entire time there were rerating pitches and even in 2015 I remember hearing and seeing a credible path to $100. If AAPL can go from 12x to 40x in a few years, so can these things. I wouldn't be shocked if GM was $150 in a couple years should things get nutty. $4-5 for a call on that is free money if you do it enough.