TLT XBI

#SyntheticStock #ShortPuts – A slow week so far.

TLT: Added to synthetic.

Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 2.80

Sold TLT MAY 26 2023 105.0 Calls @ .63

XBI: Awful liquidity in the synthetic so closing for tiny winners and moving back to put sales.

The good:

Sold XBI JUN 20 2025 80.0/80.0/40.0 Synthetic Stock with Disaster Puts @ 8.75 avg. (basis 4.85)

The bad:

Bought to Close XBI MAY 19 2023 80.0 Calls @ 5.00 ( sold for 1.40)

The result:

Net gain of .30 on the entire position. (mid was around 11.00 for the synthetic and filled below 9.00…uugh)