Business owners and business partners should prepare for their retirement as well
as unanticipated situations, such as death or incapacity, by putting strategic business succession plans into place.
While this can be a good strategy in a sideways or bear market, this strategy does not work too well for the option writer in
situations such
as secular bull markets involving rapidly rising stock values, or catalysts such
as analyst upgrades, surprising positive earnings or
unanticipated positive business news etc..