Cool story, but nobody paid <$120 for CE pre-market. Can we see your $117 buy on CE?
Worse, you're celebrating and your CE reco is currently underwater at 118.9.
Trump White House Pressured Disney to Censor … Jimmy Kimmel
The former president was so incensed by the late-night host making fun of him that he had his staff take action
What matters is what is the simplified position with the adds. That's the benefit of synthetics to the newb. None of the other stuff matter (wife, risk tolerance, weather, etc).
Stock + put - call = synthetic bull spread. He can simply price the 111/120 bull spread to monitor the position. It is the reduced position and has utility in that it appears less abstract