#SyntheticStock #SyntheticCoveredCalls – Just a small one I was messing with. Couldn’t get a decent roll on the short calls so closing the whole thing. The liquidity seems there but the mid was .30 credit on the roll to July and couldn’t even get a fill at even after sitting for 2 days. See ya!

The good:

Sold KRE JAN 17 2025 40.0/40 0/30.0 Synthetic Stock with Disaster Puts @ 6.75 (basis 1.70)

The bad:

Bought to Close KRE JUN 16 2023 39.0 Calls @ 4.45 (sold for 1.00)

The result:

Gain of 1.60 on the overall position