#SyntheticStock – Been another good run in this one. Seems like it’s due for a rest so taking it off. As always, when covered calls get run over it cuts into (potential) profits. I’ll still take it! 🙂 🙂 🙂

The good:

Sold AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 21.45 (basis 4.00)

The bad:

Bought to Close AMZN MAY 19 2023 99.0 Calls @ 13.70 (sold for 2.50)
Bought to Close AMZN MAY 19 2023 100.0 Calls @ 12.75 (sold for 5.45)

The result:

Gain of 6.25 on the 99 covered call position
Gain of 10.15 on the 100 covered call position