No. of Recommendations: 0
Charlie, I know that you're just testing the waters, but I'm curious as to your objective for experimenting with this trade.

When you first posted this, I thought your objective was to get a big capital gain....
e.g, buy a distressed bond for 50 cents on the dollar, buy a put option for $200, and get a big capital gain whether the bond redeems at par or the stock goes to zero.

But from your recent posts, I get the impression that your looking at this trade as a much more conservative position, with the short position just protecting the bond risk, offsetting each other at break-even, and you collecting the coupons with less risk than just being long the bond (hopefully I explained that right).


If I find any of these that look interesting, I'll post them, but I do work full time, and do other things, and am not that adept at spreadsheets and data searches, so no one should hold their breath.
On a google search, there is a website that supposedly lists all the LEAPS that are presently being traded.
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