As I am bullish on the take-over of MON by Bayer, earlier in the year I bought a synthetic stock. I have cashed in and moved things about a bit since that time but my current position is
Long C JAN18 115
Short P JAN18 120
Because the fastest gains were in the decaying price of the put side (I have sold 100, 110 puts before), I thought to add a twist to my strategy. The merger decision will not be ready before Q4 so end august I decided to sell some shorter options against the long position…