This is
a bullish strategy in which a trader will gain exposure to a stock by getting long two separate options strikes of the same expiration rather than create a spread.
It's at this point that you hope
your bullish strategy works and the stock price increases.
Knowing that Covered Calls are essentially
a bullish strategy, I looked for education on other option income strategies that would be useful under all market conditions.
The synthetic call is
a bullish strategy used when the investor is concerned about potential near - term uncertainties in the stock.
However, current prices react with lag, reflecting some handling activity powered by bigger business players possibly implementing
their bullish strategies at this level.