BIIB

#ShortPuts #SyntheticStock – Looking to back into a #SyntheticStock position. Since it’s in an #IRA also bought some junky puts for margin. All done in the week before earnings…

Sold 1 BIIB APR 20 2018 260.0 Put @ 2.80
Sold 1 BIIB APR 20 2018 255.0 Put @ 2.10
Sold 1 BIIB APR 20 2018 250.0 Put @ 1.60

Bought 3 BIIB APR 20 2018 220.0 Puts @ .40

Net premium received of 5.30 (1.76 average)