Posted 10/31/2017 10:37 (#6337051 - in reply to #6336969) Subject: RE: I woke up with this on my mind.
Eastern NE
It’s called a collar. Basically you have a covered call and using a portion of the short call premium to finance the purchase of the put for downside protection. It assumes you have a nuetral to slightly upside bias. What duration and strikes are you thinking?