Sure, then he's bought a put at the call strike. That's fine, but then he may as well simply try to fill within the edge loss equivalent to the put. Unless he wants to be long the put in lieu of simply closing at an edge loss < the value of the put.
99% of the ppl here don't understand synthetics.
Anyway, you'll free up almost all of your available requirement for holding the shares, and your price risk is zero.
I was making a correction to my earlier post. Short (not buy) the same strike put and short the shares. You'll be long the synthetic shares from the option strike and short natural shares. It's a reversal (reverse-conversion).
Shorting the put converts the long call into long synthetic shares...
Director? lol, where? American Skandia? Dice that's quite a fall from a 3rd tier firm to trading FX in a $30K IBKR account while your wife cleans house in Vanco.
Whiniest OP ever. Furry-tranny with gyno loses $70K on a small short position and considers it an accomplishment.
https://www.elitetrader.com/et/threads/so-apparently-the-sp-500-had-a-pretty-good-day-today.357232/
We invited H4M to our buy-siders chat full of RICH! ppl bc he's simply awesome, even though he has no buy or sell-side experience. And uh, ur not invited. Ha ha.
Looks like a bunch of in-line fuses. Can't tell. Weird.
Remind me to tell you about the Palumbo Trading/Daley Center/wire tap. Long but hilarious story. There is a connection and the statute of limitations is long passed.
dumbphuckitis has some brain swelling. It's got almost nothing to due with duration. So risk it becoming a 70D call (not through vola) in lieu of trading when he would like?