#SyntheticShortStock – I’ve been paper trading this for the last month and like the possibilities so finally did it for real last Friday. Didn’t post because it could be risky. It’s a long term short, selling daily (or rolling) against it. Planning to make the money on the back end since max risk is pretty easy to recover quickly….unless a massive selloff turns it very profitable I’ll try to hold it. Might eventually add a long term long to it and sell daily against both sides.

SPX Synthetic Short with protective call Dec 19 2025 4800/4800/5300 @ 51.05 debit

Sold SPX Jan 16 2024 4770.0 Put @ 9.00

Then:

Rolled SPX Jan 16 2024 4770.0 Put to Jan 17 2024 4765.0 Put @ 2.55 credit (11.55 total now)