#SyntheticShortStock – Played it not so good this week.

Had the 5240 sitting for today. Early in the week rolled it into Wed and up to 5245 at even. Was playing for a bounce on the numbers. That didn’t work. LOL

Had to roll it back out to next week 5240 at even. No harm no foul. Took a shot. Only downside is if I would’ve waited could’ve rolled it today out to next week’s 5230 at close to even.

Each roll down in the short puts adds gains to the synthetic shorts. If we really sell off might have to start rolling it a few weeks out and down. For example even with it 90 points in the money right now I could roll it to May and down 80 points for close to even. Now that would really help the shorts!