As it has been previously mentioned this position does not really have any meaning as a combo, so to speak. So, maybe if you explain why you want to use this combo, you might get a more meaningful answer. Is there something specific you want to use it for or are you just trying to construct a synthetic position of something or...? For example, if you want to use it as a substitute for long stock then you need to compare the margin requirements, transaction costs (comm. and slippage), possible dividends and so on...