Covered Calls

[gtober]

There's not a lot of action on this one. Will this draw a few out? Any opinions on what I think are called synthetic longs? Short puts and long calls?

For instance a stock trades at $30. Short the puts at $25 and long the calls at $35. You end up in a net positive cash position, you are put the stock at a price appealing to you, and you are long the stock if it takes off on you, at say a market bottom.

Thanks in advance.