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BookingAlpha Option Trading Advisory

Tuesday, February 6, 2018

Long Synthetic SPY Stock

Trade Details:

BUY  2 SPY 264 December31 Calls @19.65
SELL 2 SPY 264 December31 Puts  @17.86

Net: 1.79 debit ($358)
Margin consumed on entry ($13,800)

This is equivalent to being Long 200 SPY Shares but investing much less money. Of course, without the benefit of holding indefinitely and without the dividends.

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