Long stock + short put options: How is this strategy called?

Quote from deviltrader:

Funny you berate someone for not understanding options. Short puts do not equal a long stock position. For them to be the same, they would need to behave the same, which they don't.

For starters, a long stock position has unlimited upside, whereas a short put does not. Their risk graphs are entirely different.
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Well, it's not a short position either. I'm sure most would take "long stock" to mean long deltas.
 
Quote from atticus:

Well, it's not a short position either. I'm sure most would take "long stock" to mean long deltas.
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First off, I was not trying to berate anyone, just suggesting that these are 2 long positions, as Mr. Atticus has pointed out.

Secondly, if it came across that way, I'm apologize. If one of the traders in my group that I do research for was unclear on a concept, then I would certainly suggest that he get a liitle help on the trade.

I quoted the wrong post, sorry.Meant to quote Mr. deviltrader.
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Quote from asap:

i said synthetic covered call (ratioed).

a naked put is a synthetic covered call. since besides the naked put, there is also long stock position involved, the overall position is a ratio synthetic covered call.

iow the position is syntetically equivalent to long stock and short a ratio of calls.

i dont understand the fuzz, this is a viable strategy, it entails long delta and short vega. probably is much better than any vol spreads or pure gamma scalping bet that carry extremely negative expectancy.
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on the way down...boom...short put explodes...short calls don't
 
Quote from chiguy:

on the way down...boom...short put explodes...short calls don't
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all strategies carry risk.

short calls when the underlying company is to be acquired at 50% premium from the previous day...boom.
 
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