#SyntheticStock – With my margin hog AMZN position out of the way now it’s time to start looking for new opportunities. Whiz pointed this one out the other day. AMZN is a big chunk of it so a cheaper way to stay involved. Pretty nice weekly premium as well.

Bought to Open XLY JAN 18 2019 102/102/100 Synthetic @ 6.50

Max loss of 8.50 with 42 weeks to run so need 20 cents per week to cover.

So:

Sold XLY APR 6 2018 103.5 Calls @ .73