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If the call expired worthless wouldn't I keep the premium? Also, someone was telling me that if the buyer of the call never exercised the call in this situation, and if I told my brokerage account not to close it on expiration that the short shares would roll into the next month or something...

My broker has been having more and more of hard time locating shares to short for ETF's, specifically UVXY and TVIX. With that said, I came across the synthetic short options strategy that is suppose to mirror a traditional short position. I am trying to figure out how this strategy mirrors a...