#SyntheticShortStock – Due to the big rally today the deltas are starting to flip short. As an experiment closing my oldest position just to see what sort of fills I get in the LEAPS with the wide bid/ask. Turned out better than I expected getting filled just slightly worse than the mid.

Final numbers:

Initial trade:

Opened Dec 2027 5000/5000/5400 synthetic short at 225.00 debit
Closed Dec 2027 5000/5000/5400 synthetic short at 8.80 credit (this includes closing Oct 18th 5570 strike daily put sale)

Net loss on LEAPS of 216.20

Total premium received on daily sales of 427.15

Net gain of 210.95

Not bad with a synthetic short in a straight up market.