Alex Tan
12-16 22:37
I opened $GOOGL 20241220 190.0 PUT$  ,

Buy put to take profit googl 190. I have sell call previously few months ago. A short call and a long put is a synthetic short. Meaning I sell at 190

GOOGL PUT
12-16 22:33
US20241220 190.0
SidePriceRealized P&L
Buy
Open
1.00+220.00%
Holding
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Comments

  • DeltaDrift
    12-17 13:30
    DeltaDrift

    Sell call means you Sell the shares at strike price and you collect premium doing so, buy put mean you sell shares at strike paying premium to do so… don’t really understand how buying a put is hedging out you sell call position Could you explain it a little more plz

    • Alex Tan
      to be more clear, here is my open position.
    • Alex Tan
      sell call and buy put at the same time confirmed the selling of stock.

      if stock is under 190 at expiry, short call will expired worthless and long put will be exercised.

      if stock is above 190, long put will expired worthless, and short call will be exercised automatically.

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