REGN

#SyntheticStock -Got a little cash to put to work now and this one is finally starting to perk up. Not the strikes I would normally use but since it’s an add to an existing position I’ll use the same ones but getting in for about 3 dollars less.

Bought REGN Jan 2020 400/400/390 Synthetic Stock / Disaster Put @ 66.25
Sold REGN FEB 2 2018 395.0 Call @ 2.50

Posted all the details in the original trade but about 90 cents a week to cover worse case scenario.