I saw a boss's statement about CONY in the comment section, which may make sense. Can someone who is knowledgeable about options help analyze it His viewpoint is as follows: Managers are highly likely to buy 250 calls and sell 250 puts when the stock price is around 250 in early May Because of the call put parity, he can build a position in the "main stock" at almost zero cost while holding $250 in cash to eat short-term bond interest. When the option expires in August, he will receive all the profits and losses of the main stock for these three months and sell it on a monthly basis Compared to a pure equity CC combination, he has an additional short-term cash interest bonus The reason why the manager chose the 112 month expiration option, which is highly likely to occur on 5/8 and beyond, instead of the quarterly third option on 3/6/9/12 The main reason for friday is that in addition to the issuance of the etf in May, it may also be because the main issuance month of US treasury bond bonds is these four months. Therefore, every four months, the administrator is also likely to participate in the auction of treasury bond bonds to buy 2-year notes. The rest of the cash goes into bill and lies flat, which is also confirmed in the position