### Comment:
I already have calls on IQ and a couple FD puts to hedge. 
  
 I’m going to run the numbers of a split-strike synthetic long position (using premium from selling ATM or ITM puts to buy OTM calls) vs buying shares at two possible 7/20 price points ($39 and $50).

### REPLY:
In case anyone is wondering why im using fd puts to preserve gains in a longer term call its because im expecting analysts to raise price target for IQ.

### END.