Watch my YouTube video: How to use options to simulate a long stock position (Synthetic Long Stock).
4/10/2014
buy (to open) 1 January 2015 $184 call option at $9.07
sell (to open) 1 January 2015 $184 put option at $10.36
I received $129.
Reasons for placing this trade: SPY had been "oversold."
This is a "double bullish" trade. Both options are at-the-money.
4/24/2014
sell (to close) the call option at $10.65
buy (to close) the put option at $8.64
I received another $201.
NET PROFIT: $312.82 (in 2 weeks)
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