Liz and Jenny sold a call against their long AAPL stock with a 80% probability of expiring OTM in regular March expiration.
Next they sold calls against GDX stock taking advantage of the recent up move.
The main focus of the segment, synthetic covered strangles, is hot on the heels of the discussion with James during know your options.
For an IRA approved trade, Liz and Jenny look to buy a deep in the money call to replicate the stock.
Finally, they show how to set up their synthetic covered strangle in IWM for IRA accounts
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