This involves buying 2 .70 delta calls, and selling a .50 delta call. These deltas can be adjusted a bit, but the general idea is it should total .90 delta or higher. It is similar to a synthetic long stock.
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This involves buying 2 .75 delta calls, and selling a .50 delta call. These deltas can be adjusted a bit, but the general idea is it should total 1 or less delta. It is similar to a synthetic long stock.