For once I agree with @TheDawn. Do this... a lot. Don't even bother to shop around, just buy them at random. That's the best way.
No, he's running CC and bull cs as a CC proxy as it's more cost effective, but if ATM you're paying more for the embedded put prem than you're receiving on the short call.
I don't know why you posted this as it's Pachinko whether he/they/stooges are referring to the CC or CS. Infinite gamma study forthcoming. Study funded by Hollywood Upstairs Barber College.