Discussion in 'Options' started by asdfghj7, Nov 13, 2008.

  1. Hypothetical:

    You sell a December SPY 80 put for 3pt. Two days later that same option is now 1pt. You buy that same 80 put for 1pt. You are now flat and have earned 2pts minus commission. Had you bought an 80 call instead of buying the 80 put, you would be short an 80 put and long an 80 call. Is this correct? Thanks
  2. MTE


  3. yes..if you sold the put and then bought a call, you have a synthetic long...
  4. Thanks to you both. I appreciate it.