Close the Netflix trade for a 463% gain

On January 18, 2017 we put on a synthetic long trade on Netflix, and we are closing the trade today.

We bought back the short June $100 Puts for $0.26 cents, bought back the short June $160 Calls for $3.15, and sold the June $145 Calls for $8.70. The trade cost us $0.94 cents when we entered into it, and today we exit the trade with a profit of $4.35, or a 463% gain. Most of the gain is from the short $100 Put decaying, but all three positions were profitable which is why we are closing the trade. You could keep the short positions open for longer if you wanted to speculate but it's prudent to close the entire trade vs keeping a leg open.