I am going to create a bullet by buying 5000 ORCL (closed at 9.96) and buying 50 Nov 12.5 puts (for around 2.60). Total cost including time decay should be 6 cents unless I can squeeze what I pay for the options closer to parity (2.54). Anyone have any experience in doing this? Did I miss something? Sounds cheap to pay $300 for a month of bullets.