So the June are synthetics? Why the synthetic in lieu of stock? There is no advantage, lots of cons. A share-wing long fly.
If the thing was inherently HTB then I'd see buying the synthetic at a significant discount but there is clearly an easy locate as the forward trades at a prem = rates.
Basically, that what it is too lazy too look again, but I’m pretty sure they also are long synthetics and wings as well that was last week .. not sure when they put it on, but vol is a lot cheaper
They use OCC symbols and then some have regular nomenclature but if you're not hiding it then dissect for the end user. WTF would you run the synthetic in lieu of stock unless it's HTB? Forward > cash. Initially I thought it was a fraud bc it's easy to hide a supposed stock buy but impossible to hide that size in the synth.
I don't care what you did in the '90s... It's what's your money is doing for you now. And it's doing nothing... Even your capitals taking a hit probably 30%, at least over the last 6 months. It's literally dead money sitting there worse than dead money cuz that's losing.
I just don't care. It's a dumb product that can be replicated better/cheaper. A simple asym fly would have a better payoff.
Nobody's saying it can't be replicated... I practically invented it. I can make pizza too but I'd rather order it. Give me an example of a fly you actually trade... show the actual trade entry and exit. I want to reverse engineer this... In my experience, asymmetrical flies are cumbersome.