I trade covered calls on DIA, SPY, IWM and QQQ. When markets are going up ,it favours Covered calls. I am thinking to trade synthetic calls as well. -Sell stock and sell one put. This will help when markets are going down. The difficulty I am facing is finding the instrument to do this. I am looking for some help . Mostly I prefer ETFs. Your help much appreciated. Thanks
IB? Interactive Brokers? Regardless, if you sell one put and short 100 shares of stock, you have a synthetic SHORT call. STOCK = CALL - PUT - CALL = - PUT - STOCK