The synthetic long put created by the investor is a bearish position that may be profitable if shares in U.S. Bancorp pull back from the current level.
This is what she means: Before 2002, it was practically standard operating procedure to put women on synthetic hormones as soon as they reached menopause. ("We were putting them in the drinking water, " jokes Healy.).
Since the spike in market volatility that started in the middle of July, the correlation between ICON and a diversified synthetic index of retailers that we put together has soared.