FXI

#SyntheticStock #SyntheticCoveredCalls – Just a small position to have fun with. Synthetic stock with a disaster put and selling weeklies against.

Sold FXI JAN 17 2025 22.0 Puts // Bought FXI JAN 17 2025 22.0 Calls @ 1.14 credit (synthetic stock)

Bought FXI JAN 17 2025 12.0 Puts @ 1.69 (disaster puts)

Sold FXI OCT 28 2022 22.0 Calls @ .48

Net out of pocket of .07 per spread. Risk still to the downside but should easily cover that over next few months. Goal is a risk free position eventually.