Opening (Margin): DIA Aug 18th 348/Sept 15th 351/2 x 359
... Covered Zebra.
Comments: A variation on one of the bearish assumption setups I described over the weekend. (See Post Below).
Here, the September 15th 351/2 x 359 is the Zebra aspect, which functions as synthetic short stock. This is, in turn, "covered" by an additional short put so the entire setup has the delta metrics of a covered put (short stock, plus a short put).
Put on for an 11.10 debit, I'll look to take profit starting for around 10% of what I put in on for.
Comments: A variation on one of the bearish assumption setups I described over the weekend. (See Post Below).
Here, the September 15th 351/2 x 359 is the Zebra aspect, which functions as synthetic short stock. This is, in turn, "covered" by an additional short put so the entire setup has the delta metrics of a covered put (short stock, plus a short put).
Put on for an 11.10 debit, I'll look to take profit starting for around 10% of what I put in on for.
تم فتح الصفقة:
Rolled the Aug 18th 348 short put out a week to the August 25th 348 for a .44 credit. Cost basis 10.66.
تم إغلاق الصفقة يدويًا:
Closed today for a 10.10 credit. .56 ($56) dollar loss. Going on vacation and wanted to be flat in the margin account.
